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Who Should Attend?
The session is of particular interest to all professionals, government, private sector officials, as well as students interested in deepening or refreshing their knowledge of current economic affairs with a focus on inflation.
Introduction
Inflation has been increasingly making headlines in the last 12 months. The US Federal Reserve core inflation indicator hit a 40-year high in November 2021, and Eurozone inflation hit the highest level in 13 years in October 2021. In Malta, prices continue their upward trend, with rising import prices leading to increases in prices across the board, from construction costs to food items and most services. At this stage, energy prices have increased globally but are still being cushioned through government intervention locally. High inflation is ultimately dampening standards of living and economic growth projections. This session aims to explore the concept of inflation and its historical perspectives, key drivers and impacts, calculation methodologies and latest trends.
Session Outline
The speakers will cover the following topics:
A history of inflation: a timeline which takes us through key historical situations, such as the hyperinflation experienced in 1920s (Germany), the great depression in the 1930s, the 1970s energy crisis (oil price shock), as well as what happened during wars
What is inflation? how does inflation work? Inflation is discussed from a theoretical standpoint, as to the main drivers and components of the phenomenon, and relationships with other economic variable such as interest rates and unemployment
Ripple effects: what else does inflation lead to, besides an increase in prices? What tends to have the largest impact?
Methodologies: different methodologies behind the Harmonised Index of Consumer Prices (HICP) and the Retail Price Index (RPI)
Latest Trends – Malta and EU: going into the latest figures and trends, including the impact of the Ukraine-Russia war upon prices.
CPE Accreditation
This workshop is eligible for 1.5 hours CPE credits.
Fee
Registration fee : €45.00
Discounted fee for EY Alumni and Students : €35.00
Speakers
Chris Meilak | Associate Partner | Economic Consulting
Chris is an Associate Partner and Economist in EY’s Transaction Advisory Services, leading the local Valuation, Modelling & Economics service offering. He has been involved in economic research, business valuations and business modelling, cost-benefit analysis and financial & economic feasibility studies. Chris is a Certified Public Accountant and holds an MA in Economics and the ACCA degree and is a recognised lecturer in both Economics and Accountancy in various educational institutions.
Orlanda Grech | Manager | Economic Consulting
Orlanda is an Economist and Manager at EY Malta as part of the Valuation, Modelling and Economics sub-service line, with a special focus on economic advisory. She has been involved in macro-economic assessments, cost-benefit analyses, economic impact assessments, national strategy formulation, and market studies across a range of sectors, including the environment, health, education, culture, and R&I. She holds a BHons in Economics from the University of Malta, and an MSc in Economics from the University of Edinburgh.
Location
Webinar - with Cisco Webex, Virtual event,
CPE Circuit, EY Connect Learning, EY Malta, FR
Date
Time
your local time
