The International Monetary Fund (IMF) forecasts that the inflation rate in the euro zone will reach 8.3% this year, falling to 5.7% next year, it was announced on Tuesday.
In the update of the economic forecasts, released this Tuesday, the IMF revised upwards by one percentage point (pp.) this year’s forecast compared to July, up to 8.3%.
For the next year, it forecasts that the inflation rate of the single currency countries will fall to 5.7%.
Globally, the institution forecasts that inflation will peak at the end of 2022, but will remain high for longer than expected.
Thus, it estimates an increase in average inflation from 4.7% in 2021 to 8.8% in 2022, falling to 6.5% in 2023 and 4.1% in 2024.
However, he points out that there are several factors that could delay the moderation of inflation, such as new shocks in energy and food prices, and stresses that these will continue to be especially sensitive as the war in Ukraine progresses.
Source: TSF
