Global Economics

Global Inflation Watch

13 December, 2018

Headline inflation to fall sharply in 2019

Headline inflation is set to decline in the coming months, due to the recent slump in oil prices, and we think it will remain below 2% in most advanced economies next year. Tightening labour markets have already fed through to higher average earnings growth this year and we suspect that wage inflation will rise a bit further in most economies next year. But, in general, we do not think that this will be enough to lift core inflation above central bank targets. Core inflation looks to have peaked

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