- Looking ahead, as the global economy gradually reopens, monetary and fiscal policies continue to be accommodative to support the recovery, and pent-up demand is being released in advanced economies.
- Fluctuations in aggregate demand, oil price movements, and supply disruptions contributed to global inflation developments during the pandemic.
- Looking ahead, some factors point to an increase in inflation over the near term but stable low inflation over the long term.
- Inflation is expected to moderate beyond 2021 as global growth settles at a lower level, commodity prices stabilize, and supply bottlenecks are eased.
For further details see:
Inflation Prospects: A Difficult Transition For Policymakers