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Global Inflation Reaches New High of 6.5%

GLOBAL

Executive Summary:

  • Inflationary pressures continue to remain elevated in most of the developed and emerging market economies, mostly driven by the surge in energy and food prices following the Ukraine war shock.
  • Our global inflation gauge rose to a new high of 6.5% in March (based on the inflation rate of 70 DM and EM countries) after breaking above its 5.3% peak reached just before the 2008 Global Financial Crisis last month.
  • Interestingly, inflationary pressures have also started to accelerate again in Asia/SE Asia (inflation has remained low or has been easing in most of the Asian economies until recently).

Link to full publication:

Inflation Global - May.pdf

Source: Bloomberg/MNI.

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