Global Economics

Global Inflation Watch

14 March, 2018

Only tentative signs of higher inflation

We expect the inflation rate in the G7 economies to average less than 2% this year and next. This is partly because average earnings growth has remained weaker than might have been expected given the recent increase in employment, and also because there is probably more slack in the labour market than the unemployment rates suggest. To some extent, the US is an exception. Its inflation rate should rebound in the next couple of months and the core inflation rate should rise to well above 2% next yea

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