Although creating a low inflation environment may entail some sacrifices in the short term, the advantages of maintaining price stability will counterbalance them in the long run.
The rise in prices observed may also signal a global inflationary pressure if the majority of the world’s economies grow (or have grown in the recent past) at a faster rate than what is consistent with price stability – i.e. become overheated – over a prolonged period, as a result of loose monetary conditions at the global level.