A Snapshot Of The Inflationary Super-Cycle That's Driving Commodity Prices Higher

When trying to explain why the inflation is starting to infect developed markets, after becoming such a big story in the emerging world last year, it’s easy to fall back on names like Bernanke and Trichet.

But this slide from Societe Generale does a pretty good job of explaining just how it works.

Step one, growth rebounds. Step two, people buy more. Step three, prices go up. And step four, commodities prices rise.

Click through for a larger version >

Check out 7 more charts on the consumption boom driving world inflation >


Photo: Societe Generale

NOW WATCH: Money & Markets videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at research.businessinsider.com.au.