The International Monetary Fund (IMF) has noted that prices for essential items from food to fuel are rising, but it is projected to ease next year, amidst great uncertainty.
“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.
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 here: https://t.co/KnxQBj19aW pic.twitter.com/nIHrpUhJVc
— IMF (@IMFNews) October 8, 2021
The Bretton Woods institition 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.
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“Clear communication, combined with appropriate monetary and fiscal policies, can help prevent ‘inflation scares’ from unhinging inflation expectations.”
Source: 3news
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