Anchoring inflation expectations becomes even more crucial to fight inflation in 2023
The world economy faced a steep rise in the inflation rate in 2022, with rising inflation observed in both developed and developing economies. A series of global events triggered and aggravated the current global inflation surge. Recovering demand after the COVID-19 crisis against various supply constraints easily created upward pressures on prices. The war in Ukraine constrained supply and triggered higher commodity prices globally, particularly food and energy items. The appreciation of the US dollar vis-?-vis many currencies also contributed to the global inflation trend by raising the costs of imports…
World Economic Situation and Prospects: January 2023 Briefing, No. 168
Welcome to the United Nations
