Box 2 - Inflation and Global Monetary

Over the last year and a half, the world has faced a major setback in the low and stable inflation behavior that had been observed for several years.The price increases that have occurred since 2021 have taken place in a context of increases in aggregate demand resulting from the economic reactivation that emerged after the pandemic, the weakening of productive apparatuses around the world, disruptions in global supply chains, and price increases in the energy sectors, among other factors.