BCA Research says recent oil price surge from Middle East conflict unlikely to cause sustained inflation over next 12 months.
Analysts cite labor market slack and slowing wage growth as buffers preventing a wage‑price spiral and keeping inflation expectations anchored.
The report highlights fiscal policy, supply‑chain shifts, ageing demographics and AI as long‑term forces shaping inflation beyond the decade.
Investors are advised to view current energy price volatility as a temporary headwind rather than a structural blow to global growth.