Re: Will inflation in the world grow by 2023?

Do you think it is worth relying on the opinion of economic experts?

There have not been any official statements from banks by country yet, but the dynamics show that inflation is growing along with the annual rate of banks. But now it is quite high in all countries, respectively, the rise in price and instability in the markets should be expected or a slight increase in inflation is possible, which will not affect the economy of the world?

Economic experts are not perfect, they are only speculative based on their experience and the available data at their disposal, so their speculation might be right or wrong. However, it should be noted that inflation is a global issue now and might have subsided months ago. But the recent inflation figures are now causing panic again as the curve is now shifting higher globally.

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The US which is most referenced in this regard since its currency is vital to the world, is facing increased inflation and it was not a good figure last month. Experts believe that it will be rising till 2025 as you can see in the graph above, so we should get ready for it. While below image shows the last CPI figure of the US. The previous value was 0.1% and the last value was 0.1%, which speaks that inflation is still bitting.

And for your reference, inflation doesn't necessarily have to grow with the rates as I've experienced, other factors are contributing as well. It's the USD that has the blessing of inflation as the currency is a Safe-haven asset.

Does it mean that it will now stand still or will it increase at a small pace?

As it is, more time is needed to study and conclude on the next decision regarding global inflation as some countries are now recording more down curves, but the US inflation seems to be rising. The inflation between 2021-2022 was so obvious, and towards the end of 2022, inflation subsides and the curve flatted and even later pointed lower. Bt later flatted back and point slightly higher for the US, which could only mean that inflation in the US might continue to rise again as suggested by the last CPI data stated above.

Nonetheless, since the time that it did last two flattenings are not so farther from each other, it is better that we are patient and not rush to conclusions, With more monthly economic data, we will be able to ascertain where the inflation is heading.