(Alliance News) - Economists anticipate persistently high price inflation around the world over the next three years due to trade conflicts and import tariffs, survey findings published by the ifo institute showed on Monday.

Economists surveyed expect a global average figure of 4.0% for 2025, of 3.9% for 2026, and 3.7% for 2028.

ifo researcher Philipp Heil said: "Inflation expectations have stabilized at a high level – both in the short term and looking at the coming years. According to the experts, the current trade conflicts and import tariffs are a key driver of inflation."

There are regional differences however, with Western European inflation expected at 1.8% in 2025, falling below the European Central Bank's 2% target, while inflation will be significantly higher in Eastern Europe and Asia. In Eastern Europe, economists expect an inflation rate of 7.6% for 2025.

In Asia, economists expect inflation of 3.3% in Southeastern Asia, 4.3% in Eastern Asia, 8.0% in Western Asia, 10.7% in Southern Asia, and 11.3% in Central Asia.

In the US, inflation is expected to increase to 3.7% next year from 3.1% in 2025. In South America, inflation is expected at 9.8% in 2025.

In Africa, inflation in 2025 is expected at 4.4% in Southern Africa, 7.8% in Western Africa, 14.8% in Middle Africa, 22.9% in Eastern Africa and 40.8% in Northern Africa.

The survey ran between June 17 and July 1, with 1,340 economic experts from 121 countries participating.

By Tom Budszus, Alliance News slot editor

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