IMF sees inflation subsiding to pre-covid levels in 2022

The International Monetary Fund said on Wednesday that headline consumer price inflation should peak this fall and recede to pre-pandemic levels by mid-2022, but risks remain that shortage-driven inflation spikes could prove more persistent, unanchoring expectations.the IMF'S baseline forecasts for advanced economies shows headline inflation peaking at 3.6 per cent in the fall of 2021 and declining to about 2 pe rcent by mid-2022. Emerging market and developing economies will see inflation declining to about 4 per cent next year.