Inflation across G7 countries will likely climb toward 3% and remain high for much of 2022 before sharply falling again, according to David Rea, JLL's chief economist for EMEA.
The net result, Rea says, is that inflation should average around or slightly below 2% over the duration of the pandemic and immediately thereafter.
Inflation across G7 countries has dropped precipitously since January 2020, with a decline from 1.7% to 0.6% at the start of this year. But broader, emerging economic recoveries signal rising inflation—and clues as to how much inflation will increase will "ultimately drive decisions over what assets are best to buy, sell or hold," JLL notes in a recent analysis.
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