1 #IMF: In many #economies, higher #oil #prices are nonetheless contributing to a pickup in headline #inflation. That is concerning—but not the full story. It is also important to consider whether people and businesses expect a more persistent erosion of their #purchasingpower. 🧵
2 #IMF: And these medium-term expectations generally remain well anchored. That’s an encouraging sign of confidence in central banks’ commitment to #pricestability. #inflation