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Global Inflation Surges Above Pre-GFC High

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.
  • Some EM central banks have hinted that the surge in inflation risks will prolong the tightening cycle in order to ease the selling pressure on the currency, especially in the CEE region.
  • Our global inflation gauge surged to 5.6% in February (based on the inflation rate of 70 DM and EM countries), exceeding its pre-GFC high of 5.3%.

Link to full publication:

Inflation Global.pdf


Source: Bloomberg/MNI.

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