As the COVID-19 pandemic continues to evolve, the short-term and long-term future of inflation has become one of the core debates for markets and policymakers across the globe. Will inflation prove to be “transitory,” or will it persist upward? Will inflation pressures alleviate if supply chain bottlenecks are resolved? What will happen with wage growth and purchasing power? This challenge aims to address these questions and others related to inflation in 2021 and beyond.