Escalated Russia-Ukraine conflict would keep inflation higher longer -IMF

First Deputy Managing Director Gita Gopinath told Reuters the situation now was far different than in 2014 when Russia annexed the Crimea region of Ukraine, and energy prices fell quite sharply amid low demand and ample shale gas supplies.

WASHINGTON: An escalated conflict between Russia and Ukraine would likely further increase energy costs and commodities prices for many countries, keeping headline inflation rates elevated for longer, a top International Monetary Fund official said on Tuesday.

First Deputy Managing Director Gita Gopinath told Reuters the situation now was far different than in 2014 when Russia annexed the Crimea region of Ukraine, and energy prices fell quite sharply amid low demand and ample shale gas supplies.