Global Inflation Forecast for 2023
Inflation forecasts for 2023 from the London-based market research company Euromonitor and the International Economic Organization of Developed Countries (OECD) are presented.
Most leading analysts believe that the peak in inflation will pass.
Inflation forecast-charts for 2023 from Euromonitor and OECD
Global inflation will fall from 8.9% to 6% in 2023
U.S. inflation is projected to be less than 4% in 2023. Now the inflation rate is about 8%. Thus, we expect a decrease of almost 2 times.
The graphs presented clearly show that in developed and developing countries, the inflation rate will decrease in 2023. However, the figures for 2020 will be far away.
High inflation growth from 2021 and 2022 was the main reason for the skyrocketing real estate prices. Analysts believe that in 2023 we are waiting for a decline in property prices. The upward trend in real estate prices is coming to an end.