After four consecutive increases in energy prices, in July the drop in energy prices and the decrease in the pace of core inflation together
dragged headline inflation down.
Not exact matches
They will need to cope with increasing
drag from the advanced economies and moderating growth in the emerging markets, shifting risk preferences on the part of investors and a surge in
inflation that has brought
headline rates well above targets globally.
Some other indicators point to a potential
drag from a prolonged period of low
headline inflation on the dynamics of wages and core prices, possibly reflecting hysteresis effects.