‘It’s very possible we are peaking’: IMF managing director says global inflation could soon be going down, while economist Paul Krugman says in the U.S. it might already be at 4%

Shot Kristalina Georgieva, the managing director of the International Monetary Fund (Credit: Anna Moneymaker—Getty Images)

It might not feel like it, but we may already have seen the worst of inflation, according to some experts.

Inflation has been battering countries around the world for a year now. In the U.S., annual inflation is currently running at a rate of 8.2%. In the U.K., prices are up 8.8%, while it’s even worse in the eurozone, where annual inflation now sits at 10.7%. It’s all part of a global inflationary wave of rising prices for food, housing, and fuel affecting countries in South America and Asia, too.