FT: global inflation peaked

By data Financial Times, which analyzed key economic indicators and interviewed experts, global inflation has most likely reached its peak and will continue to slow down. So, for example, in Germany, in October, wholesale producer prices fell by 4.2% compared to the previous month – such a decrease was a record since 1948. In the UK and the US, wholesale producer prices also declined over the summer compared to last summer.

The FT notes that in almost all G20 countries, wholesale producer prices showed a decline in October compared to September, including countries such as Spain, Mexico, Portugal and Poland. “Inflation appears to have peaked,” Moody’s Analytics chief economist told the FT.

The achievement of peak indicators means that inflation will begin to slow down in the coming months. Capital Economics Lead Analyst Jenifer McKeon believes that inflation will start to slow next year due to lower commodity prices, driven by reduced demand. “According to our estimates, the current situation in the energy and food markets will begin to affect consumer prices in the next six months, reducing inflation in developed countries by about 3%,” Ms. McKeon believes.

Evgeniy Khvostik