Economists worldwide expect inflation to remain high in the coming years, with global rates forecast at 4.0% in 2025, according to the latest Economic Experts Survey from the Munich-based Ifo Institute. Projections remain broadly unchanged, with inflation anticipated at 3.9% in 2026 and 3.7% in 2028.
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'Inflation expectations have stabilised at a high level – both in the short term and with a view to the coming years,' said Ifo researcher Philipp Heil, noting that trade conflicts and rising import tariffs are key drivers.
Regional differences remain stark. In Western Europe, expectations are lower at 1.8% for 2025, falling below the European Central Bank's 2% target. In contrast, Eastern Europe, parts of Asia and the US are projected to experience higher rates. US inflation is expected to rise from 3.1% this year to 3.7% in 2026, with tariffs imposed by the US government cited as the main cause. The steepest increases are expected in Africa, with some countries facing rates above 20%.
The survey, conducted between 17 June and 1 July 2025, gathered responses from 1,340 economists across 121 countries, reflecting a broad consensus on sustained inflationary pressures.
Source: www.moebelmarkt.de
