Inflation or deflation? It’s a question fuelling debate across the investment community. Our experts on this week’s episode discuss the impact of the Covid crisis on inflation and the likelihood of fiscal dominance.

Our host Paul Diggle is joined by two familiar faces from the Aberdeen Standard Research Institute, giving us a trio of economic expertise - Sree Kochugovindan, Senior Research Economist and Luke Bartholomew, Senior Monetary Economist. Together they answer the big questions about inflation and whether we can expect inflation regime change.

Part 1 focuses on the outlook for energy and food prices, the impact of tax cuts and wages support, and the practical difficulties of measuring inflation during a pandemic.

Part 2 compares the high inflation of the 1970s and the low inflation of the 2010s, applying the lessons of these distinct historical inflation regimes to the inflation outlook from here.