2022
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2022
Soaring shipping costs, recovering demand and global supply chain disruptions will keep inflation elevated in 2022.
This trend will join forces with the ongoing re-shoring wave, restrictive trade policies, and geopolitical tensions that may exacerbate price pressure.
Another inflation leg could come from higher producer prices passed through to consumers.
Supply-chain bottlenecks and PPI-CPI pass through
2022
Geopolitics fuel inflation through commodity prices
The Russia-Ukraine war is adding on top of sustained inflation pressures, contributing to sustained price trends, especially for commodities.
2022
Psychological dimension is starting to kick in
Inflation has a critical psychological dimension that depends on forces of memory, forgetfulness and policymaker’s behaviour.
While consumer demand and labour markets are strong – especially in the United States - investors should be aware of the wage inflation loop, which may become self-fulfilling.
Long run
Structural factors: the greenflation
Structural factors such as the energy transition will add to inflationary trends in the medium/long run.
This, coupled with the still limited production capacity of renewable energy and high demand for commodities needed in the transition, will push up the energy bill and boost green transition-related commodity prices.
Structural factors: the greenflation
Inflation, wohin man sieht
Die Inflation ist nicht nur eine weitere Schlagzeile in den Nachrichten. Sie haben es bestimmt schon im Supermarkt oder beim Tanken Ihres Autos bemerkt. Jeder ist mit immer höheren Preisen konfrontiert.
Jetzt lesen
Inflation, wohin man sieht
Jetzt lesen
Inflation, wohin man sieht
Jetzt lesen
Die Inflation ist nicht nur eine weitere Schlagzeile in den Nachrichten. Sie haben es bestimmt schon im Supermarkt oder an der Tankstelle bemerkt. Jeder ist mit immer höheren Preisen konfrontiert.
Inflation, wohin man sieht
Die Inflation ist nicht nur eine weitere Schlagzeile in den Nachrichten. Sie haben es bestimmt schon im Supermarkt oder an der Tankstelle bemerkt. Jeder ist mit immer höheren Preisen konfrontiert.
Jetzt lesen
Inflation, wohin man sieht
Jetzt lesen
Identifying commodity and commodity linked opportunities in an inflationary regime
Inflation is back, and it’s everywhere. Consumers all over the world are continuing to grapple with higher prices for groceries, fuel, furniture, and other typical household expenditures.
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Global demand for food and water is increasing just as the availability of clean water and farmland is shrinking
Growing Global Population
Rapid Urbanisation and Improved Living Standards
By building new homes and the cities we live in and improving overall quality of life a growing demand for raw materials and energy has been created
Energy Transition and Electrification
The global energy transition and large scale electrification of the economy are likely to stimulate the demand for a variety of scarce transition-related commodities
Rising Geopolitical Tensions
Geopolitical conflict has added significant additional pressure to global energy supplies, fertilisers, food, metals, and more
Structural factors: the greenflation
