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Inflation does not totally invincible (traders.lt)

Infliacija dar nėra visiškai nugalėta (traders.lt)

International Currency Fund head Kristalina Georgieva believes that not everything has been done to reduce inflation in the global economy,reports Reuters.

On the Davos economy forum she talked about the great progress in reducing inflation and thereby not causing the economy to downturn. But the Head of the IMF has preferred not to think that everything has been done to inflation would be decreased.

“The genie’s head is in the bottle, the most of the body is in him but the legs are always sticking. We have to push it harder into the bottle” – remarked Kristalina Georgieva.

Metric inflation in the euro zone decreased to 2.4 percent in 2024 years end. In Approximately October 2022 years, it reached 10.6 percent. But at the last three months after September the was at 1.7 percent level, it has increased over three months. A similar situationisalsointheUnitedStates,wheretheyearlyinflationhasdecreasedfrom9.1percentin2022inJuneto2.9percentinJanuary.SinceSeptember,whenthedroppedto2.4percent,ithasbeenincreasingafterthat.

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