A variety of high-frequency indicators point to a slowdown
Commodity prices have diverged recently
Retail energy prices have increased much less than wholesale prices, especially in Europe
Contributions of supply- and demand-driven inflation to headline inflation in selected OECD economies
Some factors pushing up inflation prior to the war are now subsiding
Inflation has become increasingly broad-based
Short-term inflation expectations have risen in many economies
Labour markets are tight
Real wages are declining in most economies
Unemployment and inactivity rates have fallen in most OECD economies