Home » Skyrocketing prices but don’t panic in Frankfurt: that’s why inflation isn’t scary today

Skyrocketing prices but don’t panic in Frankfurt: that’s why inflation isn’t scary today

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A rustling green banknote, on which stands the portrait of Christine Lagarde and the inscription “1000 euro”, ten times more than the heaviest banknote currently in circulation in the eurozone. It is not (yet) the first page of the image, but still that of an influential newsletter in Germany. Are we facing the slow mounting of an anti-inflation hysteria, historically easy to ignite between the Rhine and the Elbe? Soon to say, but, for sure, the campaign has started to influence the meeting of the ECB next Thursday and push European monetary policy to tighten the strings of the stock exchange and accelerate the moment in which, to curb prices, interest rates will have to be raised.

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