IMF "World price inflation will peak in the fall... Next year's pre-corona level"
IMF "World price inflation will peak in the fall... Next year's pre-corona level"
  • Daniel
    Daniel
  • 승인 2021.10.07 10:42
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The International Monetary Fund (IMF) predicted on the 6th (local time) that the global consumer price inflation will peak in this fall and return to pre-pandemic levels by the middle of next year.

However, he predicted that there is a risk that inflationary spikes caused by supply shortages will continue.

According to Reuters, the International Monetary Fund (IMF) reported the results of this analysis in the 'Inflation Fear' section of its World Economic Outlook report released on the same day.

The International Monetary Fund (IMF) predicted that consumer price inflation in developed countries would peak at 3.6% this fall and then drop to about 2% by the middle of next year.

In addition, emerging and developing countries are expected to rise to 6.8% this fall and drop to about 4% next year.

The IMF said the rapid rise in housing prices and prolonged supply shortages in developed and developing countries, continued pressure on food prices in emerging countries and the depreciation of currency values ​​could make the high inflation rate last longer.

The recent rise in consumer prices was attributed to the suppressed demand after the pandemic, increased savings following fiscal and financial stimulus measures, sharp rises in commodity prices, supply shortages, and supply chain disruptions.

In particular, the 40% increase in international food prices since the start of the pandemic has taken a toll on low-income countries.

According to the IMF, wages have risen notably in some fields such as leisure, hospitality and retail in some developed countries such as the United States, but there are few signs that wages in the overall economy will rise faster until the middle of this year.

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