Inflation has dominated front pages in recent months, with headline consumer price increases in the US reaching 40-year highs. While we don’t expect global inflation rates to remain at these record-breaking levels, we see several medium to long-term factors that should continue to place upward pressure on inflation.27/04/2022By Timothy FosterLibby McNieIn the three decades since the end of the Cold War, a dramatic expansion of international trade has benefitted the global economy and broadly helped to keep price increases in check. That trend has recently started to reverse.This week’s Chart Room shows how trade tensions among the US, China, and other major trading nations have led to a relative decline in levels of global imports and exports ever since the 2008 financial crisis. The