Global PMI Shows Inflation Set To Heat Up Further As Energy Fuels Higher Prices

The global PMI (Purchasing Managers' Index) showed that inflation is set to heat up further, with energy prices fueling higher prices.

The PMI for the manufacturing sector increased to 51.8 in September, up from 50.9 in August.

Analysts note that the increase in PMI suggests that the global economy is still growing, despite headwinds.