Czech Central Bank Governor Ales Michl has expressed concern about the increased volatility in global inflation, suggesting that economies worldwide will experience more significant fluctuations in consumer prices.

Speaking at a recent central banking conference in Mexico City, Michl emphasized the shift from a period of high inflation to one characterized by greater inflation variability around central bank targets, with a focus on potential upward risks.

Michl"s comments indicate that tighter monetary and fiscal policies will be necessary to navigate this new economic landscape.

The implications of these changes could impact central banks" strategies and decision-making processes as they respond to evolving inflation dynamics.