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Economic Advisor Grimm Warns of New Inflation
Summary by Berliner-sonntagsblatt.de
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Given rising oil and gas prices in the wake of the Iran-Iraq War, economist Veronika Grimm expects inflation to rise. "The combination of energy, transportation, and food price shocks is likely to generate renewed inflationary pressure," Grimm told the newspapers of the Funke Media Group (Tuesday editions). The longer the blockade of the Strait of Hormuz lasts, the stronger the global repercussions will be. "Rising energy prices act like a globa…
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