Global inflation likely to have peaked, key data indicators show | FT #shorts

Financial Times published this video item, entitled “Global inflation likely to have peaked, key data indicators show | FT #shorts” – below is their description.

The FT’s Valentina Romei reports how price pressures on global supply chains are now starting to ease after the historically high prices that affected households and businesses in recent months. But authorities warn that while many indicators point to a sharp decline in inflation, consumers are unlikely to feel the benefit anytime soon.

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About This Source - Financial Times

The Financial Times (FT) is an English-language international daily newspaper that has a special emphasis on business and economic news. It is headquartered in London, England, and is owned by Japanese company Nikkei, Inc.. The newspaper was founded in London in 1888 by James Sheridan and Horatio Bottomley.

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In This Story: Inflation

In economics, inflation refers to a general progressive increase in prices of goods and services in an economy. When the general price level rises, each unit of currency buys fewer goods and services; consequently, inflation corresponds to a reduction in the purchasing power of money.

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