Global Economics

Global Inflation Watch

15 December, 2017

Core inflation likely to rise only gradually

Many advanced economies are close to full employment, but this is likely to lead to only a small increase in price pressures. We expect the core inflation rate to edge up in the euro-zone, Japan and US next year. And if oil prices drop back, as we expect, the headline inflation rate may not pick up at all in the euro-zone or Japan, while in the UK it is likely to decline. The one exception is the US, where both core and headline inflation are set to be above the target by the end of next year as

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