The Risk of Inflation Persistence

Inflation genie is it really back in the bottle or could it sort of spring some more surprises inflation is a how to the bottle to some degree. The challenge that central banks face from here clearly is not just having stopped it rising because they have inflation did peak in many places around 10%. In most countries it's still at around double if not more of their inflation targets and while we have seen some good use on product markets on goods prices, risk of inflation persistence stems from labor markets.