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Globally, high inflation is only gradually disappearing

Economists around the world expect only a gradual decline in high global inflation rates. Inflation is likely to average 7.1 percent worldwide in the new year, then drop to 5.8 percent in 2024, according to a quarterly survey published Thursday by the Munich IFO and the Swiss Economic Policy Institute.

“The outlook for the beginning of the year is encouraging because experts see slightly lower inflation rates compared to the previous quarter,” said Niklas Butravki, researcher at IFO. However, inflation remains at a very high level. Even in the longer term – with an eye on 2026 – the forecast remains relatively high at 4.5 per cent.

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