Mike “Mish” Shedlock's
Sitka Pacific Capital Management,Llc
Let's compare the US CPI to Canada and many countries in the EU.
Inflation data from St. Louis Fed, chart by Mish
Credit for the chart idea itself goes to the St. Louis Fed. I downloaded the data and created my own charts to better hone in on the data.
Year-over-year inflation seven countries detail
Inflation data from St. Louis Fed, chart by Mish
The EU lags badly when it comes to reporting most data releases. Data for the above charts is only through September.
Key points
-
Inflation in the US was the first to peak.
-
US inflation peaked in June at 9.06 percent and is currently (through September) at 8.20 percent.
-
Inflation in France peaked at the lowest rate, 6.08 percent.
-
France also has the lowest current rate of 5.55 percent.
-
Inflation in Germany is 9.99 percent and still rising.
-
Inflation in Italy is 8.87 percent and still rising.
-
.Inflation in Spain was the highest peak so far at 10.77 percent.
-
Inflation in the UK is 8.80 percent matching the July high.
-
Inflation in Canada peaked at 8.13 percent and is now 6.86 percent.
This material is based upon information that Sitka Pacific Capital Management considers reliable and endeavors to keep current, Sitka Pacific Capital Management does not assure that this material is accurate, current or complete, and it should not be relied upon as such.
Recommended Content
Editors’ Picks
EUR/USD struggles below 1.0500, awaits key US data
EUR/USD keeps its range trade intact below 1.0500 in the European morning on Wednesday. Traders prefer to stay on the sidelines, awaiting a series of US economic data, including the high-impact PCE inflation data for placing fresh directional bets on the pair.
GBP/USD holds higher ground above 1.2550 ahead of US PCE inflation data
GBP/USD trades on a stronger note above 1.2500 in Wednesday's early European session. The pair remains underpinned by a sustained US Dollar weakness and a negative shift in risk sentiment as traders turn cautious ahead of top-tier US data releases.
Gold price sticks to modest intraday gains, bulls seem cautious ahead of US PCE data
Gold price builds on the overnight bonce from the $2,600 neighborhood, or a one-week low and gains some follow-through positive traction for the second straight day on Wednesday.
Ripple's XRP sees decline as realized profits reach record levels
Ripple's XRP is down 6% on Tuesday following record profit-taking among investors as its percentage of total supply in profit reached very high levels in the past week.
Eurozone PMI sounds the alarm about growth once more
The composite PMI dropped from 50 to 48.1, once more stressing growth concerns for the eurozone. Hard data has actually come in better than expected recently – so ahead of the December meeting, the ECB has to figure out whether this is the PMI crying wolf or whether it should take this signal seriously. We think it’s the latter.
Best Forex Brokers with Low Spreads
VERIFIED Low spreads are crucial for reducing trading costs. Explore top Forex brokers offering competitive spreads and high leverage. Compare options for EUR/USD, GBP/USD, USD/JPY, and Gold.