Goods inflation softening amid easing supply-chain pressures: Fitch

By Tuba Sahin

ANKARA (AA) – Core goods price inflation, excluding energy, will likely slow in the near future with the back of easing supply-chain pressures, global agency Fitch Ratings said on Friday.

Global supply-chain disruptions are softening thanks to falling shipping rates, a slowdown in consumer durable spending, the clearing of order backlogs, and the ease of queues at ports, Fitch Ratings said in its latest report.

Concerns over supply chain pressures are to continue due to China's zero COVID-19 policy, while gas rationing in Europe may impair industrial supply chains, it pointed out, adding: "Nevertheless, recent improvements in global supply chain pressures are encouraging."​​​​​​​