{"id":23548,"date":"2022-11-18T15:11:58","date_gmt":"2022-11-18T14:11:58","guid":{"rendered":"https:\/\/michelsanti.fr\/?p=23548"},"modified":"2022-11-18T15:11:58","modified_gmt":"2022-11-18T14:11:58","slug":"inflation-is-everywhere","status":"publish","type":"post","link":"https:\/\/michelsanti.fr\/en\/hyperinflation-2\/inflation-is-everywhere","title":{"rendered":"Inflation is everywhere"},"content":{"rendered":"<p>Even Japan, country of Quantitative Easing, of negative interest rates, of a acutely aging population, is enduring inflation on all fronts.<\/p>\n<p>So let\u2019s expect an acceleration in the pace of interest rate hikes globally, despite all the falsely reassuring messages from financial markets that are absolutely not far-sighted\u2026as usual.<\/p>\n<p>&nbsp;<\/p>\n<p><img data-recalc-dims=\"1\" decoding=\"async\" data-attachment-id=\"23545\" data-permalink=\"https:\/\/michelsanti.fr\/en\/hyperinflation-2\/inflation-is-everywhere\/attachment\/inflation-japon-2\" data-orig-file=\"https:\/\/i0.wp.com\/michelsanti.fr\/wp-content\/uploads\/2022\/11\/Inflation-Japon.png?fit=1900%2C718&amp;ssl=1\" data-orig-size=\"1900,718\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"Inflation Japon\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/i0.wp.com\/michelsanti.fr\/wp-content\/uploads\/2022\/11\/Inflation-Japon.png?fit=1024%2C387&amp;ssl=1\" class=\"alignnone size-medium wp-image-23545\" src=\"https:\/\/i0.wp.com\/michelsanti.fr\/wp-content\/uploads\/2022\/11\/Inflation-Japon.png?resize=300%2C113&#038;ssl=1\" alt=\"\" width=\"300\" height=\"113\" srcset=\"https:\/\/i0.wp.com\/michelsanti.fr\/wp-content\/uploads\/2022\/11\/Inflation-Japon.png?resize=300%2C113&amp;ssl=1 300w, https:\/\/i0.wp.com\/michelsanti.fr\/wp-content\/uploads\/2022\/11\/Inflation-Japon.png?resize=1024%2C387&amp;ssl=1 1024w, https:\/\/i0.wp.com\/michelsanti.fr\/wp-content\/uploads\/2022\/11\/Inflation-Japon.png?resize=768%2C290&amp;ssl=1 768w, https:\/\/i0.wp.com\/michelsanti.fr\/wp-content\/uploads\/2022\/11\/Inflation-Japon.png?resize=1536%2C580&amp;ssl=1 1536w, https:\/\/i0.wp.com\/michelsanti.fr\/wp-content\/uploads\/2022\/11\/Inflation-Japon.png?resize=1200%2C453&amp;ssl=1 1200w, https:\/\/i0.wp.com\/michelsanti.fr\/wp-content\/uploads\/2022\/11\/Inflation-Japon.png?w=1900&amp;ssl=1 1900w\" sizes=\"(max-width: 300px) 100vw, 300px\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Even Japan, country of Quantitative Easing, of negative interest rates, of a acutely aging population, is enduring inflation on all fronts. So let\u2019s expect an acceleration in the pace of interest rate hikes globally, despite all the falsely reassuring messages from financial markets that are absolutely not far-sighted\u2026as usual. &nbsp;<\/p>\n","protected":false},"author":4,"featured_media":23545,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"give_campaign_id":0,"_crdt_document":"","_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"mc4wp_mailchimp_campaign":[],"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"_wpas_customize_per_network":false,"jetpack_post_was_ever_published":false},"categories":[648941908],"tags":[],"class_list":["post-23548","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-hyperinflation-2"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Inflation is everywhere - Michel Santi<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/michelsanti.fr\/en\/hyperinflation-2\/inflation-is-everywhere\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Inflation is everywhere - Michel Santi\" \/>\n<meta property=\"og:description\" content=\"Even Japan, country of Quantitative Easing, of negative interest rates, of a acutely aging population, is enduring inflation on all fronts. So let\u2019s expect an acceleration in the pace of interest rate hikes globally, despite all the falsely reassuring messages from financial markets that are absolutely not far-sighted\u2026as usual. &nbsp;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/michelsanti.fr\/en\/hyperinflation-2\/inflation-is-everywhere\" \/>\n<meta property=\"og:site_name\" content=\"Michel Santi\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/michel.santi.economiste\" \/>\n<meta property=\"article:published_time\" content=\"2022-11-18T14:11:58+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/michelsanti.fr\/wp-content\/uploads\/2022\/11\/Inflation-Japon-300x113.png\" \/>\n<meta name=\"author\" content=\"Michel Santi\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@michelsanti1\" \/>\n<meta name=\"twitter:site\" content=\"@michelsanti1\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Michel Santi\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/michelsanti.fr\\\/en\\\/hyperinflation-2\\\/inflation-is-everywhere#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/michelsanti.fr\\\/en\\\/hyperinflation-2\\\/inflation-is-everywhere\"},\"author\":{\"name\":\"Michel Santi\",\"@id\":\"https:\\\/\\\/michelsanti.fr\\\/#\\\/schema\\\/person\\\/ba61ae1376925b43e3d1ddbc1e3eb2a4\"},\"headline\":\"Inflation is everywhere\",\"datePublished\":\"2022-11-18T14:11:58+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/michelsanti.fr\\\/en\\\/hyperinflation-2\\\/inflation-is-everywhere\"},\"wordCount\":55,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/michelsanti.fr\\\/en\\\/hyperinflation-2\\\/inflation-is-everywhere#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/i0.wp.com\\\/michelsanti.fr\\\/wp-content\\\/uploads\\\/2022\\\/11\\\/Inflation-Japon.png?fit=1900%2C718&ssl=1\",\"articleSection\":[\"hyperinflation\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/michelsanti.fr\\\/en\\\/hyperinflation-2\\\/inflation-is-everywhere#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/michelsanti.fr\\\/en\\\/hyperinflation-2\\\/inflation-is-everywhere\",\"url\":\"https:\\\/\\\/michelsanti.fr\\\/en\\\/hyperinflation-2\\\/inflation-is-everywhere\",\"name\":\"Inflation is everywhere - Michel Santi\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/michelsanti.fr\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/michelsanti.fr\\\/en\\\/hyperinflation-2\\\/inflation-is-everywhere#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/michelsanti.fr\\\/en\\\/hyperinflation-2\\\/inflation-is-everywhere#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/i0.wp.com\\\/michelsanti.fr\\\/wp-content\\\/uploads\\\/2022\\\/11\\\/Inflation-Japon.png?fit=1900%2C718&ssl=1\",\"datePublished\":\"2022-11-18T14:11:58+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/michelsanti.fr\\\/#\\\/schema\\\/person\\\/ba61ae1376925b43e3d1ddbc1e3eb2a4\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/michelsanti.fr\\\/en\\\/hyperinflation-2\\\/inflation-is-everywhere#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/michelsanti.fr\\\/en\\\/hyperinflation-2\\\/inflation-is-everywhere\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/michelsanti.fr\\\/en\\\/hyperinflation-2\\\/inflation-is-everywhere#primaryimage\",\"url\":\"https:\\\/\\\/i0.wp.com\\\/michelsanti.fr\\\/wp-content\\\/uploads\\\/2022\\\/11\\\/Inflation-Japon.png?fit=1900%2C718&ssl=1\",\"contentUrl\":\"https:\\\/\\\/i0.wp.com\\\/michelsanti.fr\\\/wp-content\\\/uploads\\\/2022\\\/11\\\/Inflation-Japon.png?fit=1900%2C718&ssl=1\",\"width\":1900,\"height\":718},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/michelsanti.fr\\\/en\\\/hyperinflation-2\\\/inflation-is-everywhere#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Accueil\",\"item\":\"https:\\\/\\\/michelsanti.fr\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Inflation is everywhere\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/michelsanti.fr\\\/#website\",\"url\":\"https:\\\/\\\/michelsanti.fr\\\/\",\"name\":\"Michel Santi\",\"description\":\"\\\"It is not because things are difficult that we do not dare. 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If we\u2019re to get rid of the massive piles of debt our economies piled up, then we\u2026","rel":"","context":"In &quot;financial repression&quot;","block_context":{"text":"financial repression","link":"https:\/\/michelsanti.fr\/en\/category\/financial-repression"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/michelsanti.fr\/wp-content\/uploads\/2022\/11\/keynes.jpg?fit=1200%2C600&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/michelsanti.fr\/wp-content\/uploads\/2022\/11\/keynes.jpg?fit=1200%2C600&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/michelsanti.fr\/wp-content\/uploads\/2022\/11\/keynes.jpg?fit=1200%2C600&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/michelsanti.fr\/wp-content\/uploads\/2022\/11\/keynes.jpg?fit=1200%2C600&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/michelsanti.fr\/wp-content\/uploads\/2022\/11\/keynes.jpg?fit=1200%2C600&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":13746,"url":"https:\/\/michelsanti.fr\/en\/interest-rates\/no-economic-recovery-without-political-courage","url_meta":{"origin":23548,"position":3},"title":"No economic recovery without political courage","author":"Michel Santi","date":"June 20, 2017","format":false,"excerpt":"Seven years of growth, and three rates rises in a few months. But the US economy is nevertheless at the dawning of a recession! In spite of the monetary policy which seems to be on its way to normalisation, interest rates will never be \u2013 when the next, imminent crisis\u2026","rel":"","context":"In &quot;growth&quot;","block_context":{"text":"growth","link":"https:\/\/michelsanti.fr\/en\/category\/growth"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":20641,"url":"https:\/\/michelsanti.fr\/en\/central-banks\/the-most-important-job-in-the-world","url_meta":{"origin":23548,"position":4},"title":"The most important job in the world?","author":"Michel Santi","date":"September 17, 2020","format":false,"excerpt":"\u00a0 The most coveted job in the world is that of the central banker, who also arouses the hastiest of judgments, all over them like a rash, and sometimes even hate-filled. Vilified for exacerbating inequalities and dragged through the mud for maintaining zero interest rates, it\u2019s only fair that we\u2026","rel":"","context":"In &quot;Cash&quot;","block_context":{"text":"Cash","link":"https:\/\/michelsanti.fr\/en\/category\/cash-en"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/michelsanti.fr\/wp-content\/uploads\/2020\/09\/P.-Volcker.jpg?fit=700%2C394&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/michelsanti.fr\/wp-content\/uploads\/2020\/09\/P.-Volcker.jpg?fit=700%2C394&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/michelsanti.fr\/wp-content\/uploads\/2020\/09\/P.-Volcker.jpg?fit=700%2C394&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/michelsanti.fr\/wp-content\/uploads\/2020\/09\/P.-Volcker.jpg?fit=700%2C394&ssl=1&resize=700%2C400 2x"},"classes":[]},{"id":20574,"url":"https:\/\/michelsanti.fr\/en\/deflation-en\/japan-a-sleeping-beauty","url_meta":{"origin":23548,"position":5},"title":"Japan: a sleeping beauty","author":"Michel Santi","date":"September 1, 2020","format":false,"excerpt":"\u00a0 On the macroeconomic scale, Japan is a laboratory, but it\u2019s also a cemetery where economists and theorists have had to bury their certainties. I salute the determination of Prime Minister Abe on his departure, having not shied away from any decision or measure in pulling his country out of\u2026","rel":"","context":"In &quot;Deflation&quot;","block_context":{"text":"Deflation","link":"https:\/\/michelsanti.fr\/en\/category\/deflation-en"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/michelsanti.fr\/wp-content\/uploads\/2020\/09\/la_belle_au_bois.jpg?fit=1200%2C675&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/michelsanti.fr\/wp-content\/uploads\/2020\/09\/la_belle_au_bois.jpg?fit=1200%2C675&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/michelsanti.fr\/wp-content\/uploads\/2020\/09\/la_belle_au_bois.jpg?fit=1200%2C675&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/michelsanti.fr\/wp-content\/uploads\/2020\/09\/la_belle_au_bois.jpg?fit=1200%2C675&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/michelsanti.fr\/wp-content\/uploads\/2020\/09\/la_belle_au_bois.jpg?fit=1200%2C675&ssl=1&resize=1050%2C600 3x"},"classes":[]}],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/michelsanti.fr\/en\/wp-json\/wp\/v2\/posts\/23548","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/michelsanti.fr\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/michelsanti.fr\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/michelsanti.fr\/en\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/michelsanti.fr\/en\/wp-json\/wp\/v2\/comments?post=23548"}],"version-history":[{"count":1,"href":"https:\/\/michelsanti.fr\/en\/wp-json\/wp\/v2\/posts\/23548\/revisions"}],"predecessor-version":[{"id":23549,"href":"https:\/\/michelsanti.fr\/en\/wp-json\/wp\/v2\/posts\/23548\/revisions\/23549"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/michelsanti.fr\/en\/wp-json\/wp\/v2\/media\/23545"}],"wp:attachment":[{"href":"https:\/\/michelsanti.fr\/en\/wp-json\/wp\/v2\/media?parent=23548"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/michelsanti.fr\/en\/wp-json\/wp\/v2\/categories?post=23548"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/michelsanti.fr\/en\/wp-json\/wp\/v2\/tags?post=23548"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}