Furthermore, the impact of inflation imported from these countries is likely to be of a different nature than in the past. In conceptual terms, inflation caused by imported products, especially commodities, can be ignored under three conditions. The first is that the increases are temporary.
The second is that the imported price increases do not cause dragging effects on the price dynamics of domestic products. The third is that such increases do not have any effects on the inflation expectations of market participants. In the recovery phase in the 2000s, only the third condition was maintained, in part.