European Central Bank Governing Council member Joachim Nagel saidhellletlooseunrealenginecrashFactors such as geopolitics and decarbonization may push consumer price increases high in coming years.
"A range of potential factors could lead to higher inflationary pressures in the future," the Bundesbank governor said at a meeting on Tuesday,hellletlooseunrealenginecrashHe also mentioned that demographic trends could lead to "consistently higher wage growth."
Although Nagel mentioned that more research is needed, he does not expect inflation to return to its depressed state before the epidemic.