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In One Chart: Sweden’s inflation experience may show where the U.S. and other developed markets are going

There’s a whole host of goods rocketing in price, as evidenced by U.S. consumer prices matching a 30-year high in September with 5.4% year-over-year growth.

That makes sense. The COVID-19 pandemic, and the policy response of lockdowns and government stimulus, unleashed a massive switch in spending from services to goods. Spending on U.S. durable goods, in March, was 26% above its pre-pandemic trend.

“Suffice…

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