Global inflation to stay high

Increasing cost: Prices are seen on a selection of red meat in Manhattan, New York City. Supply chain disruptions and inflation have pushed prices from meat to commodities higher. -- Reuters

LONDON: The global streak of high inflation is far from over and aggressive monetary policy tightening will fall short in taming price pressures to mandated levels as broken supply chains are unlikely to mend anytime soon, Reuters polls showed.

Inflation in most countries has soared to multi-year highs, driven by a rebound in economic activity and a further straining of rampant supply chain disruptions.