Inflation comment from Fitch

International credit rating agency Fitch Ratings stated that global inflation rates have fallen, but the stubborn increase in service sector prices has disrupted these declines.

In the statement made by Fitch, it was stated that inflation slowed down rapidly, with the help of the reversal of the increase in food and energy prices.

The statement emphasized that core inflation has also fallen and returned to its pre-pandemic trend or generally stable levels in many countries, but it was stated that there is little sign that core goods prices will fall directly, which means that services inflation must fall further for inflation to return to the target in a sustainable manner. .

In the statement, it was noted that Fitch's analysis showed that services inflation would remain "sticky", that global inflation rates decreased, but these declines were disrupted due to the stubborn increase in service sector prices.

In the statement of the organization, it was pointed out that housing costs also contribute to high services inflation, especially in developed economies.