[gruez]

>war

inflation was way overshooting the historic trend line before the war

>an energy crisis, a food crisis, ammonia shortage, neon shortage

Aren't all these just downstream from the war?

>post-covid global tension on supply chains

If that was caused by covid, why was inflation muted during the initial outbreak? Why did inflation only spike starting around mid 2021? It seems more plausible that supply chain tensions were caused by too much money chasing too few goods, not that inflation was caused by "global tension on supply chains".