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As of October 2023, inflation rates have shown signs of stabilization after significant increases in previous years, largely due to central banks' tightening monetary policies. However, persistent supply chain issues and geopolitical tensions continue to exert upward pressure on prices. Future prospects suggest that inflation may gradually decline, but risks remain, particularly if energy prices spike or if wage growth accelerates significantly. Economists will closely monitor these factors to gauge whether inflation can be brought under control without stalling economic growth.

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