The international forces driving the inflation of goods, food, energy and housing appear to be unwinding, suggesting prices could fall too.
While everyone is now obsessed about surging inflation, most people have missed that the big global forces underpinning price spikes are reversing.
But their opinions appear to be slightly contrarian, or at least not universally shared among many observers who have jumped on the inflation bandwagon.A Sydney-based equity fund manager says global inflation will probably subside in the next six to 12 months. , after he is officially reconfirmed as “president for life” later this year – as is widely expected.
Energy is a big input cost into food, transport and manufacturing – contributing to price changes across the economy. But Brent crude, the global benchmark, was selling for about $US110 a barrel on Friday, significantly below its pandemic-high of $US139 a barrel. That is not guaranteed. The credibility of central banks has taken a hit, after they underestimated inflation and their economic forecasts during pandemic lockdowns turned out to be far too gloomy.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
‘Joined at the hip’: Why John O’Neill believes Australia should stick with KiwisThe former Australian rugby boss earned his share of enemies in New Zealand but he doesn’t agree with ending a strong history of trans-Tasman competition.
Read more »
Why were missiles being tested 50 metres from trees sacred to Aboriginal people?After SBS News and NITV revealed a missile casing was found inside an Aboriginal heritage area in South Australia, fresh concerns are now being raised about weapons testing at another sacred site.
Read more »
Why IFM’s new climate fund must buy fossil fuel companiesSuperannuation performance rules mean IFM Investors’ new climate transition fund has no choice but to invest in oil and gas companies.
Read more »
Stop playing dirty: Why Australian politics must clean up its actIf the Andrews government is re-elected this year and the Perrottet government falls early next year, mainland Australia will have Labor governments at both federal and state levels. You’ve got to be determinedly myopic not to see that coming. | OPINION...
Read more »
Why enormous confusion about post-birth exercise awaits new mumsCurrent advice is based on little evidence and there is no consensus among experts on what a “gentle” exercise regime actually looks like. Why is there such a gap?
Read more »
Why we’re not completely crazy about Sony’s WH-1000X M5 headphonesOPINION: Acoustically, the brand’s latest travel cans are a step forward. But other features may be a step in the wrong direction.
Read more »