Global Economics

Global Inflation Watch

13 June, 2017

Inflation to stay low despite strong labour markets

The average inflation rate in advanced economies is likely to be close to 2% this year and next as the world economy expands steadily and key commodity prices remain fairly stable. Despite weaker CPI numbers recently, the US inflation rate should inch up over the next couple of years as unemployment falls. In contrast, inflation in the UK is set to peak at around 3% later this year and then subside as the effects of last year’s sterling depreciation fade. Meanwhile, we expect underlying inflatio

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