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Chart of the Week
Price pressures have strengthened globally, driving sustained and elevated inflation that hasn’t been seen in decades. While inflation drivers vary across countries, the persistence of some factors, such as global supply chain issues and energy trade disruptions, are likely to keep inflation a key risk for policymakers. We believe that higher inflation prints may continue in the near-term as sources of inflation still remain broad-based.
Source: Haver Analytics and Goldman Sachs Asset Management.