Global Inflation Concerns Rise Due to Energy Price Increase, Though Still Moderately Contained
A Reuters poll of 500 economists indicates that global inflation is expected to be higher in 2026 than previously anticipated, driven by the U.S.-Israeli conflict with Iran and the closure of the Strait of Hormuz affecting oil supply. Despite rising energy prices, inflation remains relatively subdued except in countries like Turkey and Argentina. Central banks are cautious, waiting to see how the Middle East conflict develops before taking action.
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Topics: central banks energy prices geopolitical tensions global economy inflation oil supply