Headline rates of inflation across most of the world\u2019s economies have fallen back sharply since the autumn but core rates \u2014 which exclude volatile categories such as energy and food \u2014 remain at or close to multi-decade highs.<\/p>\n
These rates, seen as a better gauge of underlying price pressures, have sparked concern that central banks will struggle to hit their targets without wiping out growth.<\/p>\n
\u201cThe next leg of the improvement in the inflation numbers is going to be harder,\u201d said Carl Riccadonna, chief US economist at BNP Paribas. \u201cIt requires more pain, and that pain likely involves a recession in the back half of the year.\u201d<\/p>\n
Torsten Slok, chief economist at Apollo Global Management, added: \u201cThe only way to get inflation down to 2 per cent is to crush demand and slow down the economy in a more substantial way.\u201d<\/p>\n
Read it all<\/a>.<\/p>\n \u201cThe next leg of the improvement in the inflation numbers is going to be harder. It requires more pain:\u201d BNP's Riccadonna<\/p>\n Apollo's Torsten Slok: \u201cThe only way to get inflation down to 2% is to crush demand.\u201d — Lisa Abramowicz (@lisaabramowicz1) June 23, 2023<\/a><\/p><\/blockquote>\n \n
https:\/\/t.co\/8BVmtH9pdm<\/a><\/p>\n