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A global rise in prices cannot last forever. According to some experts, rampant global inflation will cool in the near future. With each passing day, a growing number of factors suggests a slowdown in headline price growth.
Economists say that global inflation has probably hit its peak. There are signs that price pressures behind it are now easing. Analysts at the Financial Times believe the inflation rate will start to go down in the coming months. Mark Zandi, chief economist at Moody's Analytics, shares this view, noting that record inflation levels are already behind us. The agency estimates that October's reading of 12.1% will be the “high water mark” for consumer prices. According to Capital Economics, there is a weakening of some price pressures in developed nations such as Spain and Portugal, while inflation across emerging markets, in particular in Brazil, Thailand, and Chile, has already peaked and shows signs of cooling.
Economist Jennifer McKeown anticipates that global headline inflation will ease next year, with energy prices stabilizing in 2023. “Our estimate is that food and energy effects together will knock about 3 percentage points off headline consumer price inflation in the advanced economies on average over the next six months,” she said.
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