Understanding Inflation

We had nearly forgotten the term inflation as we have enjoyed a benign deflationary wave for nearly two decades thanks to an accessible global labor and commodities markets. The world just closed! De-globalization will raise production cost as we will be importing inflationary pressures. There is a whole generation of bond traders who have never witnessed an inflationary FEAR. I think it is time to husk this macroeconomic aggregate to unveil the ingredients driving this inflation data. We thought PIMCO would be the ideal partner to deconstruct and explain inflation. Enjoy your reading!