Inflation has started to show signs of easing from the multi-decade highs reached in many countries following Russia’s full-scale invasion of Ukraine.
The latest figures for most of the world’s largest economies still make for worrying reading, with price pressures remaining high as the war in Ukraine continues to keep energy and food prices elevated. But in some countries pressures have eased and energy and food wholesale prices have declined. Economist and investors also expect inflationary levels to stabilise in the next few years.
High inflation remains geographically broad-based, even if it is lower in many parts of Asia.
Central banks have reacted with a series of interest rate rises, even though higher borrowing costs could exacerbate the squeeze on real…
