The Global Fight Against Inflation Has Turned a Corner

Inflation is falling faster than expected across advanced economies, marking a turning point in central banks’ two-year battle against surging prices. 

Declines in consumer price growth, to below 5% in the U.K. last month and around 3% in the U.S. and eurozone, are fueling expectations that central banks could take their feet off the brakes and pivot to cutting interest rates next year.