01 Jul 2025 13:53:14 ET │ 16 pages Global Economics Global Inflation Monitor: Global Inflation Remains Well Behaved CITI'S TAKE Global headline inflation in May continued to run at 2%, which marks four consecutive readings near historically normal levels. Global core inflation edged down to 2.4% but remains a shade above pre-pandemic levels as services inflation—while down from cycle highs and grinding lower— remains elevated. To date, US inflation has shown only limited tariff-related increases, but survey ...