Falling energy prices are helping to ease global inflation, offering relief from the price pressures that dominated economic policy earlier in the cycle, according to recent assessments of the world economy.
The International Monetary Fund has described a global economy tested again by shocks, but cheaper fuel has taken some of the edge off headline inflation in many economies.
Central banks weigh next steps
Easing price growth gives policymakers more room to consider the path of interest rates, though officials have signaled caution given the volatility in commodity markets and lingering geopolitical risk.
Economists said the disinflationary help from energy could fade if oil prices reverse, keeping the outlook uncertain into the second half of the year.
