International credit rating agency Fitch Ratings reported that the acceleration in global inflation is widespread and permanent.
Fitch Ratings warned that the rise in global inflation is global and persistent.
In the statement made by Fitch, it was stated that inflation was higher than the levels before the Covid-19 outbreak and inflation targets in many major economies.
It was stated that there is no sign that inflation peaked and started to decline as producer price inflation rates continued to rise. It has been said that the increase in global inflation will impact the world for a while.
“High and rising inflation has been a persistent feature of the economic recovery in many major economies, changing the outlook of monetary policy and contributing to recent increases in bond yields,” the statement said.
