world-economy

Global Inflation Pressures Persist as Central Banks Navigate Volatile Landscape

Central bankers worldwide are grappling with persistent price pressures as inflation dynamics shift across major economies. Croatia's inflation reached 5.8% in April—the highest in the eurozone—and is expected to moderate in May, according to outgoing central bank Governor Boris Vujcic. India's finance ministry has signaled the need for heightened vigilance on inflation risks from monsoon shortfalls and fuel price increases ahead of upcoming monetary policy decisions. The global environment reflects a departure from the stable pricing conditions of recent years, with shocks increasingly difficult to predict or contain. Air cargo markets showed resilience, with April demand rising 4% year-over-year despite capacity constraints, underscoring transportation sector sensitivity to broader economic conditions.