 "IMF")
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% in the fall of 2021 and declining to about 2% by mid-2022. Emerging market and developing economies will see inflation declining to about 4% next year after peaking at 6.8% this fall.
The staff analysis was released as an analytical chapter of the World Economic Outlook titled "Inflation Scares".
"Sharply rising housing prices and
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