THE IMPACT OF HIGHER INFLATION ON THE EUROPEAN POPULATION FROM 2021 Carlota Sánchez Introduction Causes Social consequences Solution Personal opinion and conclusion TABLE OF CONTENTS INTRODUCTION COVID-19 / GLOBAL SUPPLY CHAIN WAR IN UKRAINE CAUSES 04 SOCIAL CONSEQUENCES Declining purchasing power Increase in poverty and inequality Job and salary instability Protests and social discontent Impact on mental health and well-being 04 SOLUTION AND CONSEQUENCES ECB raise interest rates Reduced consumption and investment 04 CONSEQUENCES AND PERSONAL OPINION Increase in demand Reduction in supply Higher Prices Increase in interest rates (f.e. buy a house) THANK YOU FOR YOUR ATTENTION