Experts predict persistent high inflation according to the Economic Experts Survey (EES) findings
The ifo Institute, a renowned economic research organisation, recently published the results of a comprehensive survey conducted between June 17 and July 1, 2025, revealing global inflation expectations for the coming years. A total of 1,340 economic experts from 121 countries participated in the survey, providing valuable insights into global inflation expectations.
The survey results indicate that economists worldwide anticipate sustained high inflation rates for 2025, with a global average of 4.0%. Inflation expectations for 2026 are 3.9% globally, and for 2028, they are 3.7%. These findings suggest that inflation rates may continue to remain at a relatively high level in the near future.
Regional differences exist, with Western Europe's expectations below the ECB's 2% target at 1.8% for 2025. On the other hand, Eastern Europe and Asian countries have significantly higher inflation expectations. The highest inflation rates are expected in many parts of Africa, with some exceeding 20%. Economic experts expect the highest inflation rates in Africa for 2026 mainly in North Africa (23.6%) and East Africa (20.5%), with some countries experiencing inflation rates above 20 percent.
In the US, economists expect inflation to rise to 3% this year and 3.7% next year. Import tariffs imposed by the US government are the most frequently cited explanation for inflation in the US, with trade conflicts seen as a major driver of inflation by the surveyed economists.
The survey results also provide insights into Germany's inflation expectations. Germany's inflation expectation for 2025 is 2.4%, and for 2026 and 2028, they are 2.3%. Long-term inflation expectations remain at a relatively high level, with inflation expectations for 2028 being 3.7% globally.
The survey results, published on August 18, 2025, offer a comprehensive overview of global inflation expectations for the next few years. These findings are crucial for policymakers and businesses as they make decisions that could be affected by inflation trends.
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