International Environment: Inflation and Middle East Conflict

Is high inflation the key challenge facing most central banks according to the text?

Has core inflation eased in year-ended terms according to the text?

Is conflict in the Middle East mentioned as a potential upside risk to inflation in the text?

Is the post-pandemic recovery in the services sector mentioned as less likely to continue to drive economic growth in the period ahead?

Is growth in Europe mentioned to have slowed more clearly in the text?

Higher fuel prices have driven up headline inflation rates in many economies in recent months, but progress in core inflation has been gradual, largely because strength in core services inflation has been ______

The conflict in the Middle East presents a potential upside risk to inflation if it were to disrupt ______ supply in the region

Separately, the El Niño weather pattern may also push up food price ______

Economic activity has held up better than generally expected in a number of advanced economies, particularly in the ______

The post-pandemic recovery in the services sector is now well advanced and so less likely to continue to drive economic growth in the ______ ahead