How long will it take for a global economy held hostage...

8 days ago Daily Maverick

Inflation holds the key to whether the global economy will sink or swim next year – so it’s little surprise that so much research is being done on what consumer inflation is likely to do next year, and why. We got a taste of this when South Africa’s consumer price inflation rate overshot expectations this week, not long after the US consumer inflation came in below expectations. In South Africa, core inflation was the main source of the upside surprise, says Absa chief economist Peter Worthington. If core inflation remained at current levels, food and/or energy price increases would need to be significantly negative to see headline inflation break below 2%. Third-quarter data in the US show that demand-driven price pressures have been broadly stable for a few quarters, it says.
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