‘Inflation Fever’ Is Finally Breaking

“Global inflation is finally coming off the boil, even if it’s set to remain far too hot for the liking of the world’s central bankers,” Bloomberg reports.

“As economic growth slows, prices for key raw materials — from oil to copper and wheat — have cooled in recent weeks, taking pressure off the cost of manufactured goods and food. And it’s getting cheaper to move those things around, as supply chains slowly recover from the pandemic.”

Financial Times: “Central bankers face a more challenging economic landscape than they have experienced in decades and will find it harder to root out high inflation, top multilateral officials and monetary policymakers have warned.”