The International Monetary Fund projects global headline inflation will fall to 3.5% year over year by the end of 2025 from 5.8% in 2024 Rising market volatility was among the risks the agency highlighted to global growth A spike in commodity prices would especially hurt lower-income nations,

The global war against inflation has largely been won — and at surprisingly little cost to economic growth, the International Monetary Fund has declared.

The chief economist for the International Monetary Fund (IMF) told reporters on Tuesday that "the battle against inflation is almost won," amid falling inflation data. Pierre-Olivier Gourinchas said that inflation in many countries is now nearing central bank targets.