“Prices for essential items from food to fuel are rising, but the IMF projects the price pressures to ease next year, amidst great uncertainty. Our latest #WEO research on inflation,” the IMF said in a tweet.
The Bretton Woods institution further stated that despite recent increases in headline inflation in both advanced and emerging market economies, long-term inflation expectations remain anchored.
Looking ahead, the body said, headline inflation is projected to peak in the final months of 2021 but is expected to return to pre-pandemic levels by mid-2022 for most economies.
A 1-percentage-point increase in foreign basic research increases annual patenting in emerging market and developing economies by 0.9 percentage point more than in advanced economies More here: https://t.co/KnxQBjiK2u pic.twitter.com/jH5UcppIFg
— IMF (@IMFNews) October 8, 2021
But given the recovery’s uncharted nature, considerable uncertainty remains, and inflation could exceed forecasts for a variety of reasons.
“Clear communication, combined with appropriate monetary and fiscal policies, can help prevent ‘inflation scares’ from unhinging inflation expectations.”
Read Full StoryAndrew Lloyd Webber says he now has a therapy dog, thanks, in part, to the trauma of the "Cats" movie. https://t.co/aPBvK7uOWi
— CNN International (@cnni) October 8, 2021
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