Winter fuel prices risk spiralling to levels that stoke inflation and ultimately cool the nascent economic recovery.

Coal, gas and power prices across Europe and Asia have surged for the second time in a year and are now two to five times higher than they were pre-pandemic. Gas prices have seen the steepest rise, suggesting widespread switching to coal or oil this winter where fuel flexibility exists.

Join David Fyfe, Argus Media Chief Economist, for this episode of “From the Economist’s Chair”.