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What if the rise in real estate rates was the consequence of the Covid and the war in Ukraine? For several months, inflation has been back. It reappeared with the “whatever the cost”, in France and abroad. States, especially European ones, have put a lot of money on the table to avoid the collapse of their economies during confinements. At the end of last summer, Bruno Le Maire estimated the addition of “whatever it costs” at 240 billion euros. A slate which came to inflate a little more our debt (more than 2800 billion euros).