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“…Inflation synchronization tends to increase due to oil price shocks affecting most economies in a similar way, global economic expansions or recessions spilling over across economies and owing to more coordinated monetary policy of major central banks. Thus, marked price co-movements indicate the prevalence of common factors affecting inflation across countries.…”
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“…Thirdly, given that food remained a lower and more flexible financial priority, families continued to purchase the cheapest and most affordable options (typically less healthful, more markedly price discounted). Finally, participants perceived the dominant public and policy rhetoric around income support policies and healthy eating to be inaccurate and shaming – often misrepresenting their lived experiences, both prior to and during COVID-19. …”
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