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In 2021, the financial world was stunned by an intangible entity. No, it wasn’t the Delta variant nor the hot new cryptocurrency of the week. It was shocked mostly by inflation. For some people, inflation brings back anxiety from the past. For others, it’s just one of the many economic concepts learned in school. Expectations of a higher inflation environment had started to ramp up in late January 2021 as predictions regarding the economic recovery amplified. During the year, inflation expectations brought their fair share of tension to the financial markets. Intensified by media coverage, inflation became rapidly the “villain” and a reason for investors to react without completing due diligence on the matter. We will attempt to provide a better understanding of the effects of inflation on the financial markets and its impact for both investors and consumers.
