The World Bank, based on its estimates, inflation has already peaked in most counties, as seen in France and the UK.
 
According to the World Bank’s Deputy Chief Economist Ayhan Kose, the increase in the cost of goods and services should be regulated by 2024 and this is based on an analysis done.

He said the World Bank’s forecast suggests that global inflation will fall to about three per cent by the end of next year. 
 
However, Mr. Kose noted that this might still not be good enough to meet the inflation targets of some central banks, as it could still be worrying for many countries.