2024 Global Inflation Outlook

Jan 17, 2024

Discussion on the global inflation outlook for 2024, including the impact of the pandemic and the decrease in core numbers. Focus on the US inflation dynamics and the alignment of CPI and core PC inflation. Exploration of the decreasing inflation trend in emerging markets, with a focus on China and other regions. Examination of the potential impact of shipping disruptions on global inflation, including rising shipping costs and blockages in the Panama Canal. Highlighting the current outlook for energy and food inflation.

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Introduction

00:00 • 2min

Global and US Inflation Outlook and Consideration of Emerging Markets

02:11 • 5min

Global Inflation Outlook in Emerging Markets: Disinflation Trend and the Disparity between Goods and Services Inflation

06:55 • 6min

The Impact of Shipping Disruptions on Global Inflation

12:55 • 3min

Inflation Outlook for Energy and Food

16:00 • 4min

Inflation slowed across the globe in 2023, raising hopes of a soft landing. Looking ahead, will it decline further or will it prove to be sticky above central banks’ targets? Join Chief Economist Bruce Kasman and Senior Economist Nora Szentivanyi as they discuss the global inflation outlook for 2024.

This episode was recorded on January 11, 2024.

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