The cost of goods is very sensitive to the price of fuel. A sustained high fuel price will be the scapegoat for rising prices of goods, timed to distract people from the causes of covid inflation.
I feel the order of events we'll see is higher interest rates (to "regulate / tame out-of-control inflation"), then rising cost of goods due to high cost of fuel rather than inflation, then state media reporting that inflation is back under control because of the interest rates. People will adjust, feel relief from higher income, but will fail to realize the purchasing power of that income is less that what it was a few years earlier. In other words, this will be how the mass inflation is swept under the rug.
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