Why we might need to take inflation positivity with a grain of salt

Published by
City AM

By Darren Parkin You could be forgiven for thinking things are starting to normalise – whatever that means. But I’m afraid I’m going to have to disillusion you by taking just two of the real issues that have emerged in recent weeks, both related to the war in Ukraine and to food. You may recall the joy that met the Ukraine grain deal, where Russia allowed ships to move through the Black Sea. While, admittedly, it was still under the watchful eye of Russian guns, some 33 million tonnes got out. Part of Russia’s justification for the move was that the grain was humanitarian aid for the world’s p…

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