![The return of inflation](/.imaging/mte/efg-revamp/547x300/dam/efg/insights/2021/How-worried-should-we-be-about-US-inflation/Insight_Infocus_US_Inflation_Worries_1680x690px.jpg/jcr:content/Insight_Infocus_US_Inflation_Worries_1680x690px.jpg)
The return of inflation
The Russia-Ukraine war, the impact on commodity prices and a new Covid outbreak in China are among the key uncertainties facing the global economy. Higher inflation is a universal concern, but the policy reaction is far from uniform.