Bob Elliott: Global inflation remains subdued despite higher oil prices

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13.07.2026

Bob Elliott: Global inflation remains subdued despite higher oil prices — Global inflation subdued amid oil surge

Bob Elliott, co-founder / CIO at Unlimited, highlights that global inflation has stayed remarkably subdued even with the recent surge in oil prices. According to Elliott, peak price increases are largely past, while U.S. markets reflect expectations of peak hawkishness.

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Elliott previously cited reduced central bank gold buying as a factor in recent gold market softness. He has also observed that the Japanese yen may be set for a reversal as short trades remain elevated and economic conditions shift, according to a prior analysis. These observations add context to his latest comments on inflation and market expectations.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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