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Euromonitor expects elevated core inflation in 2024, forcing central banks to keep interest rates high, impacting companies and consumers; real consumer spending in Asia Pacific set to rise 4% year-over-year in 2024, outpacing expected 2.2% global average

Dollar rallies ahead of U.S. inflation data

Euro area annual inflation is expected to be 2.4% in November, down from 2.9% in October; food, alcohol and tobacco is expected to have the highest annual rate in November at 6.9%, followed by services at 4.0%: Eurostat

Paul Krugman: Wall Street's dream scenario of inflation coming down without sparking a recession or rise in unemployment is becoming a reality; prices have cooled to yearly pace of 3.2% in October, well below high of 9.1% last summer

Euromonitor predicts global inflation to ease to 4.9% in 2024 from 6.9% in 2023, helped by weaker economic growth, stricter monetary policies and stable commodity prices; inflation in US expected to slow to 2.6% in 2024, down from 4.0% in 2023

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