Inflation expectations for 2023 are well below the worldwide average in several regions: in Western Europe (5.3 percent), North America (5 percent), and Southeast Asia (5.1 percent). “The ECB’s interest rate hikes also contributed to the decline in inflation expectations in Europe,” Potrafke says.
In contrast, inflation expectations are particularly high in South Asia (22.5 percent), South America (46.1 percent), North Africa (32.7 percent), and East Africa (29.9 percent). The March survey had 1,572 participants from 136 countries.
