How high could global inflation go?

What: Global inflation could reach as high as **8%** due to the surge in energy prices.
Why: The Iran war and subsequent energy price increases will lead to higher production costs and consumer prices.
Signal: Central banks may need to raise interest rates to combat inflation, potentially slowing economic growth.
Target: Policymakers aim to balance inflation control with economic stability, avoiding a recession.
Risk: A sharp increase in inflation could lead to a loss of consumer confidence and reduced economic activity.