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US economic resilience in wake of pandemic, inflation battle 'fantastic achievement'

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World inflation is now 5.8% after peaking at 9.4% .

In the U.S. , we’re already under 2.5% inflation.

In Europe , housing and cars account for 15% of inflation calculation.

The IMF says the global economy remained unusually resilient while monetary policymakers took steps to cool inflation.

The IMF said there was a “unique combination of shocks” that spurred global inflation.

Prices rose amid heavy consumer demand and constrained supply during the pandemic.

Government stimulus, which came under both the Trump and Biden administrations, “amplified (inflation) significantly,” Knightley said.