EL7.AI
Macro Economy•20 July 2026•
1 min read

Mohamed El-Erian: The Worst of Inflation is Now Behind Us

Key Facts

1Mohamed El-Erian, Allianz chief economic advisor, stated that the worst of inflation is now in the past.

Mohamed El-Erian, Allianz chief economic advisor, stated that the worst of inflation is now in the past, suggesting a significant easing of the price pressures that have dominated global markets. Speaking on CNBC's 'Squawk Box', El-Erian noted that peak inflation pressures have subsided, while also discussing the broader macroeconomic outlook and the ongoing impact of the AI boom on market trends.

These comments align with recent market data showing a cooling in US inflationary metrics, where the annual Inflation Rate (CPI) dropped to 3.5% as of July 14, 2026, down from a previous 4.2%. Per market data, Core Inflation also slowed to 2.6% annually, coming in below the 2.8% forecast, while the 'Super Core' CPI recorded a monthly decline of 0.0046%, further validating the narrative of receding price spikes.

Looking ahead, market participants are focusing on upcoming communications from Federal Reserve officials, including speeches by Governors Barr, Goolsbee, and Bowman scheduled for July 14, 2026.