Can inflation fears push prices even higher? ...Middle East

Quartz - Economy

To some economists, the fear of inflation can be as scary as inflation itself.That fear is reaching a fever pitch as Americans grow more worried that the high prices they’re paying now will be even higher in the future. Those expectations will become a self-fulfilling prophecy, the hand-wringing economists argue: Workers will demand higher pay in order to afford the higher prices they expect, leading to higher labor costs, and in turn, higher prices for the goods and services produced by those workers.How likely is that to happen? Not very, mainstream economists say. Here’s why:Read the rest of this story on qz.com. Become a member to get unlimited access to Quartz’s journalism.

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Last updated : 19 April 2022 clock 05:00 PM

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