Goodbye, maybe, to the ‘great inflation scare’: World Bank blog

Global demand is expected to moderate amid higher borrowing costs, weak international trade and limited support from fiscal authorities, the economists wrote in the blog, provided to Reuters. Subdued global growth is expected to continue to put downward pressure on oil prices, which account for 40% of the swings in inflation. Meanwhile, the economists wrote, the global supply pressures that were a big factor in pushing up prices worldwide have recently receded to historic lows and are expected to also contribute to a decline in worldwide inflation.