After some weakening in price growth in 2023 thanks to the efforts of world central banks, high inflation may return in 2025-2026 due to rising oil prices. Such an estimate RIA Novosti given Managing Director, MI Achkasov & Co. Maxim Achkasov.
“…despite the slowdown in inflation in 2023, this may be a temporary trend. The sharp increase in prices, especially in food, shows that inflation is not going anywhere. “In 2025-2026, if you look at the US economy, inflation levels are expected to return 5-7% higher than the expected 4-5% corridor in 2023,” Achkasov said. said.
He explained that the acceleration in price increase will be related to the increase in the cost of raw materials and industrial metals. Especially the price of Brent oil per barrel may be 130-150 dollars in 2025. Achkasov added that the range could be at $100-$130 next year. He emphasized that the significant increase in oil prices and their exceeding $100 per barrel will be a factor in the initiation of the inflation momentum. Brent has fluctuated in the range of $71-77 per barrel in recent weeks. Achkasov stated that food inflation will also contribute to the general increase in prices.
According to this According to RIA Novosti, the highest food inflation in April this year was in Hungary. This figure was 39% on an annual basis. At the same time, Russia was the only country in the European region where food prices started to fall after the April results.
Source: Gazeta
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