Global: The globalisation of inflation

Bringing labour demand in line with supply, overcoming supply chain problems and changing exchange rates are becoming major headaches for governments seeking to control inflation: Although rising price inflation continues to eat into the value of average earnings in many countries such as the USA, UK and Germany, excess demand will eventually lead many companies to break ranks and either introduce major pay hikes, or index-link pay and benefits to consumer prices …

Please login to view this content or become a member by joining now.