The global average expected inflation rate this year is 6.2 per cent. This is the median of average expected inflation rates at the country level, ifo Institute said on its website. Though inflation expectations worldwide remain above central banks' target, a further fall in the expected inflation rate for the rest of this year compared with previous quarters is evident, a Swiss-German survey found. High inflation rates worldwide are expected in the coming years. The average rate of 6.2 per cent expected in the current quarter is significantly lower than the expected rate of 7 per cent in the second quarter this year.

Source: The North Africa Journal October 23, 2023 06:49 UTC