<p>The recent surge in inflation has underscored the need to "<a href="https://www.bis.org/publ/arpdf/ar2022e2.htm">look under the hood</a>" to better understand how relative price changes can morph into broader-based inflation. Claudio Borio summarises the key insights from this fresh perspective.</p>

The recent surge in inflation has underscored the need to "look under the hood" to better understand how relative price changes can morph into broader-based inflation. Claudio Borio summarises the key insights from this fresh perspective.

<p>The recent surge in inflation has underscored the need to "<a href="https://www.bis.org/publ/arpdf/ar2022e2.htm" rel="noopener noreferrer">look under the hood</a>" to better understand how relative price changes can morph into broader-based inflation. Claudio Borio summarises the key insights from this fresh perspective.</p>

Inflation: a look under the hood

Experts from the Bank for International Settlements (BIS) explain their work and discuss current issues for the global economy. As a hub for central banks and other financial regulatory and supervisory authorities, the BIS seeks to build a greater collective understanding of the world economy, foster international cooperation and support policy making.

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Inflation: a look under the hood

Inflation: a look under the hood

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