Inflation will hit 2% by the end of 2021 and stay above 2% over the course of 2022. Chetan Ahya is the Chief Economist and Global Head of Economics at Morgan Stanley. Visit Business Insider’s homepage for more stories.

Most of the May inflation spike comes from parts of the economy that are reopening (such as travel) or in areas that saw unusually high demand during the pandemic, which may not persist much longer (like bicycles). There has been heavy demand for used cars as people didn’t want to fly or take public transportation.

The respondents on average now expect a widely followed measure of inflation, which excludes volatile food and energy components, to be up 3.2% in the fourth quarter of 2021 from a year before. They forecast the annual rise to recede to slightly less than 2.3% a year in 2022 and 2023.

While India’s economic activity has remained muted, there has been a consistent acceleration in inflation. A surge in food prices are the primary reason for the sharp increase in food inflation, which has demonstrated an upward trajectory of 7.87% in June, 9.27% in July, 9.05% in August and finally 10.68% in September.

All items Year

This is a list of current and historical currency of Germany. The sole currency of Germany has been the Euro since 2002….List.

The official exchange rate between Euros and Marks has remained unchanged since 2001: One Euro is worth 1.95583 Marks. This would place the value of the man’s find at around €25,500 ($28,400).