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We expect that the inflation rates will start to fall from as early as January. That stands out at the moment and is making many people worried – but we expect that this rise in inflation will not last. As a French person, I keep a close eye on the prices for good bread at the bakery. You can’t help noticing the price increase when you fill up your tank at a petrol station or buy heating oil for the winter. After all, energy price inflation now accounts for around half of the high inflation rates. Of course, the rise in energy prices is the most noticeable. That’s why we need to keep looking at it very carefully.ĭo you feel any effects of rising inflation in your own daily life? Those who are less privileged and less well off are the ones who suffer the most from inflation. But also because we know that inflation affects people. And not only because our primary objective is maintaining price stability and inflation is a crucial indicator of that. Is inflation spiralling out of control?Īt the European Central Bank we are of course monitoring that very closely. Inflation in the United States is 6.2%, while in Germany a rate of close to 6% is expected for November. Madame Lagarde, inflation rates are increasing around the world. Interview with Christine Lagarde, President of the ECB, conducted by Gerald Braunberger, Dennis Kremer and Christian Siedenbiedel on 23 November and published on 26 November 2021