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Global Inflation Eases, But 2% Target Remains Elusive

12/11/2025

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Summary

Story summary

Global inflation is easing as central banks cut borrowing costs after high rates driven by the pandemic and tensions from Russia's invasion of Ukraine.
Policymakers warn that reaching a 2% target will be challenging.
Core inflation remains elevated in G7 economies even as energy prices retreat.
High mortgage rates have slowed house-price growth in several nations.
The FT Global Inflation Tracker provides ongoing updates on inflation and policy.

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Story summary

Global inflation is easing as central banks cut borrowing costs after high rates driven by the pandemic and tensions from Russia's invasion of Ukraine.
Policymakers warn that reaching a 2% target will be challenging.
Core inflation remains elevated in G7 economies even as energy prices retreat.
High mortgage rates have slowed house-price growth in several nations.
The FT Global Inflation Tracker provides ongoing updates on inflation and policy.