Here are top factors that influence the inflation growth in 2023:
- Economic Recovery: If the global economy continues to recover from the COVID-19 pandemic, there may be increased demand for goods and services, which could drive up prices and contribute to inflation.
- Government Policies: Central banks and governments around the world have implemented various policies to combat the economic impacts of the pandemic. These policies, such as quantitative easing and fiscal stimulus, could potentially contribute to inflation if they are not carefully managed.
- Supply Chain Disruptions: The pandemic has disrupted supply chains around the world, causing shortages and price increases for certain goods. If these disruptions continue or worsen in 2023, they could contribute to inflation.
- Commodity Prices: The prices of commodities such as oil and metals can have a significant impact on inflation. If commodity prices continue to rise, they could contribute to inflation.
- Wage Growth: If wages continue to increase, it could lead to higher prices for goods and services, contributing to inflation.
Overall, it’s important to remember that inflation is a complex and multifaceted phenomenon, and there are many factors that could influence its trajectory in 2023 and beyond. Stay tight and expect things to worsen.
