Discussion Paper

Is the Inflation Process in Advanced Economies Different After the Pandemic?


Abstract: Nearly six years after the onset of the COVID-19 pandemic, headline consumer price inflation has declined substantially from its 2021–2022 peaks in the United States, the euro area, Canada, and the United Kingdom. In several economies inflation has moved closer to central bank targets, yet price pressures remain elevated across a broad set of goods and services relative to the pre-pandemic period.

https://doi.org/10.17016/2380-7172.4024

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Bibliographic Information

Provider: Board of Governors of the Federal Reserve System (U.S.)

Part of Series: FEDS Notes

Publication Date: 2026-03-30

Number: 2026-03-30-2