Financial TimesFinancial Times

Mounting global price pressures threaten to trigger more rate rises

By Valentina Romei

18 Dec 2022 · 3 min read

Editor's Note

Economic analysts see "potential for plenty of pain ahead" as core inflation keeps rising in many parts of the world. As a result, central banks will have to keep tightening policy, the FT analyses.

Underlying price pressures are still mounting in most major developed economies despite the recent falls in headline inflation, indicating that central banks will have to keep tightening policy in the coming months.

Core inflation — which excludes changes in food and energy prices, and is viewed by rate-setters as a better measure of the persistence of price pressures — is accelerating in many parts of the world according to an analysis of official statistics by the FT.

Sign in to informed

  • Curated articles from premium publishers, ad-free
  • Concise Daily Briefs with quick-read summaries
  • Read, listen, save for later, or enjoy offline
  • Enjoy personalized content