Global inflation may be close to its peak, IMF director says

Kristalina Georgieva cautions that supply chain disruption could cause persistent pressure in living costs

Global inflation could be peaking, the head of the International Monetary Fund has said, but she warned that consumers were at risk of facing persistent pressure from rising living costs due to a breakdown in world supply chains.

Kristalina Georgieva, the IMF's managing director, said there were signs the global surge in consumer prices since the Covid pandemic and exacerbated by Russia's war in Ukraine was close to its apex.