Bloomberg Surveillance · Monday, August 3, 2026
Underlying inflation remains a concern, with factors pushing prices higher still in place despite temporary dips in oil prices. The longer-term impact of energy costs on food prices and global supply chain issues, such as those related to the Ukraine conflict, continue to contribute to inflationary pressures. Central banks are advised to focus on these persistent factors.
“What's your view of kind of underlying inflation out there in the marketplace.”
“Ultimately, the factors that are pushing inflation higher are still very much in place, and it is of course predominantly energy. But the longer this is going on, the more you're going to have other effects.”
“There are a lot of inflation factors still in the pipeline as it were, and those aren't going to disappear just because the ore price falls by five or six percent, or because we maybe get a resolution in Iran.”