Since the end of the pandemic, and following the Russian invasion of Ukraine, inflation has returned to the lives of citizens after almost two decades without much talk. In Catalonia, inflation, or the rate of growth in the prices of consumer goods and services, rose suddenly, especially in 2021 and 2022, but moderated again from 2023 onwards. Despite the inflationary moderation, governments, central banks and economic agents sounded the alarm about a possible inflationary spiral.