As the world starts to recover from the COVID-19 pandemic, a range of factors are converging to create a new inflationary era. How did we get to this juncture? What can we learn from previous inflationary episodes? And what are the chances of a different outcome this time?
![](/content/dam/bernstein/us/en/images/insights/2021/insights-hero/ihero_Inflation-Joining-The-Dots_1440x415.jpg)