The recent pick up of commodity prices, notably food, will probably drive inflation higher than we had previously expected this year. The good news is that the effects of the commodity price shock should prove to be temporary. The bad news is that, with capacity pressures building, core inflation will probably begin to accelerate later this year.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services