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
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Inflation in the US was the first to peak.
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US inflation peaked in June at 9.06 percent and is currently (through September) at 8.20 percent.
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Inflation in France peaked at the lowest rate, 6.08 percent.
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France also has the lowest current rate of 5.55 percent.
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Inflation in Germany is 9.99 percent and still rising.
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Inflation in Italy is 8.87 percent and still rising.
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.Inflation in Spain was the highest peak so far at 10.77 percent.
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Inflation in the UK is 8.80 percent matching the July high.
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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.
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