Why Inflation is Real The debate amongst economists as to whether the current spike in inflation is transitory or a longer lasting trend is almost entirely focused on supply chain equilibration. Recovery from the pandemic-induced economic coma is uneven and various suppliers are struggling to align with a resurgence in demand. However, the policy agenda of eliminating greenhouse gas emissions will be inherently inflationary.  A new report by the Rockefeller Foundation argues that food costs will triple if the sector is to address adverse health impacts (obesity), climate change and biodiversity losses. Factoring in environmental, social and governance (ESG) factors is costly and European officials are crafting border taxes to protect...