Charts show global inflationpeaking near double digits - BusinessMirror

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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.

this week both weakened, while factory-gate prices and inflation expectations among investors are also ebbing.

Also likely starting to have an effect, albeit on a lagged basis, are the higher interest rates pursued by central banks after inflation soared faster and for longer than they anticipated.

 

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