The pressure on prices could last until the end of next year, the managing director of the International Monetary Fund warned on Wednesday.
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The IMF had indicated in mid-October to expect inflation to subside from mid-2022 but the institution now seems to anticipate a more lasting phenomenon.
"We must be very vigilant on the evolution of inflation,"
said Kristalina Georgieva, on the CNBC channel, pointing to the increase in demand and logistical problems due to the shortage in particular of truck drivers.
"This inevitably causes pressure on prices and this pressure is expected to continue until the middle of next year, perhaps even until the end of 2022,"
she added.
A transitory phenomenon
The Fund has so far considered that high inflation was a transitory phenomenon, linked to the global recovery from the historic recession recorded in 2020. This analysis is shared by a large number of economists but growing concerns are emerging due to the jump in price on energy.