Rise in Global Inflation Widespread and Persistent: Fitch Ratings

The pick-up in global inflation has been widespread and persistent and has shown few signs of having peaked, according to Fitch Ratings’ latest ‘20/20 Vision’ chart pack.

CPI inflation has increased in virtually every Fitch 20 country in the past three months and is now elevated relative to pre-pandemic rates and inflation targets in many of the major economies.

With producer price inflation rates continuing to rise there are few signs yet in the data of inflation peaking and starting to decline. High and rising inflation has been an enduring feature of economic recoveries in many major economies, shifting the outlook for monetary policy and contributing to recent increases in bond yields. Meanwhile labour market recoveries continue to strengthen.

Fitch’s bi-monthly ‘20/20 Vision’ chart pack covers the 20 major economies that are the focus of Fitch’s Economics team’s global macro analysis and plots five years of high-frequency economic data for 20 variables, with consistent coverage across each country. ‘20/20 Vision’ is available at www.fitchratings.com.

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