Pick-up in global inflation widespread, persistent: Fitch Ratings

With producer price inflation rates continuing to rise, there are few signs yet in the data of inflation peaking and starting to decline, the rating agency said in a note.

High and rising inflation has been an enduring feature of economic recoveries in many major economies, shifting the outlook for monetary policy and contributing to recent increases in bond yields. Meanwhile labour market recoveries continue to strengthen, it noted.

Fitch's bi-monthly ‘20/20 Vision’ chart pack covers the 20 major economies that are the focus of Fitch's economics team's global macro analysis and plots five years of high-frequency economic data for 20 variables, with consistent coverage across each country.

ALCHEMPro News Desk (DS)