Global inflation may have peaked infographic
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ECONOMY

Global inflation may have peaked

By Phil Bainbridge

November 28, 2022 - Key economic indicators suggest rampant inflation is falling, but a breakdown in supply chains caused by the pandemic and geopolitical tensions is likely to keep consumer costs volatile.

Producer price inflation, the change in the price of goods bought and sold by manufacturers, peaked between March and August this year, leading to a fall in inflation expectations.

However, there are warning signs that headline consumer inflation could still be sensitive to fluctuating costs of energy – with Russia likely to make further export cuts in retaliation for sanctions which come into effect in December and the threat of price caps later – and global supply chains which are only just recovering after the pandemic.

Sources
PUBLISHED: 28/11/2022; STORY: Graphic News; PICTURES: Getty Images
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