Already less transitory than forecast, central bankers’ inflation headache may be about to become more acute as they face the prospect of $100-plus oil that lifts consumers’ price expectations and intensifies simmering wage hike pressures. Brent crude futures, which soared 50% in 2021, are up a further 14% already in 2022 at seven-year highs of $89 a barrel. With production capacity tight, inventories low and geopolitics racking several producing regions, oil is hurtling towards $100, a level Goldman Sachs predicts will be breached by mid-year. read more JPMorgan predicts oil could reach $125 a barrel this year and $150 in 2023. It is possible the net impact of a $12 price rise from here would not be […]