We quite often read about a commodities super cycle. The investment bankers seem particularly fond of the term. But does that translate into a CTRM software super cycle as well? Inflation rates are creeping up globally. India’s WPI inflation rates hit 14.5% for a four month high recently while in the USA it accelerated to 8.5% in March 2022 and averages 7.4% across the Euro area as of the same period. Here in the Czech Republic, it is 12.7% as of March 2022. Much of this is driven by energy prices including electric power, natural gas and crude oil but gradually, those energy prices are creating inflationary pressures everywhere. In India, “The high rate of inflation in March, 2022 is primarily due to rise in prices of crude petroleum and natural gas, mineral oils, basic metals, etc owing to disruption in the global supply chain caused by the Russia-Ukraine conflict.” the Commerce and Industry Ministry said in a statement. Not all countries are impacted to the same degree with countries like China, Japan and Switzerland all under 3%. In fact, parts of Asia-Pacific, the middle east and Africa continue for the moment to have relatively low inflation rates. As the… continue reading
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