Inflation & Prices
Global Inflation Peaks Near Double-Digits, But Remains a Problem
- US, euro-area price pressures cool, according to new data
- Factory-gate prices and investor expectations retreat
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Global inflation is showing signs of having peaked, although a likely slow retreat from multi-decade highs means it will remain a bugbear for central banks into 2023.
Key inflation gauges released in the US and euro area this week both weakened, while factory-gate prices and inflation expectations among investors are also ebbing.