No. Last year, a drop in unemployment rates, as well as wage res in major economies did not affect consumer prices in a manner similar to the way those factors have in the past. >/n/n/n/n/nTightening will moreover remain as a core theme of global monetary policies th year. As the Federal Reserve continues to rae interest rates and the ECB starts to shrink its balance sheet, emerging economies will also push their borrowing costs up. Crude oil prices are expected to stay flat in comparon to last year.
All these factors suggest that inflation not in the cards. As rks of a global economic downturn increase th year, a sharp re in inflation thus also unlikely.