Global inflation remained rampant last year, but the rate of headline price growth is anticipated to drop in the coming months, reports suggest.
Inflation rates have doubled in 37 of 44 advanced economies over the past two years, according to Pew Research Center analysis.
Global inflation is forecast to rise from 4.7 percent in 2021 to 8.8 percent in 2022 but to decline to 6.5 percent in 2023 and to 4.1 percent by 2024, according to the IMF.
Factory gate prices, shipping rates, commodity prices, and inflation forecasts have all started to fall from recent highs.
Economists and policymakers closely monitor these data series because they provide an early indication of trends that may impact the headline inflation calculation.
Researchers of Ipsos Global, an international firm involved in market research, polled nearly 25,000 adults from 36 nations about their views on the global economy.
Almost seven in ten predicted that inflation would continue to grow, and more than six in ten predicted that interest rates and unemployment would rise.
Nearly one-third expected their personal standard of life to deteriorate, with 37% predicting a drop in disposable income next year.