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 holds above 1.0400 in quiet trading
EUR/USD trades in positive territory above 1.0400 in the American session on Friday. The absence of fundamental drivers and thin trading conditions on the holiday-shortened week make it difficult for the pair to gather directional momentum.
GBP/USD recovers above 1.2550 following earlier decline
GBP/USD regains its traction and trades above 1.2550 after declining toward 1.2500 earlier in the day. Nevertheless, the cautious market mood limits the pair's upside as trading volumes remain low following the Christmas break.
Gold declines below $2,620, erases weekly gains
Gold edges lower in the second half of the day and trades below $2,620, looking to end the week marginally lower. Although the cautious market mood helps XAU/USD hold its ground, growing expectations for a less-dovish Fed policy outlook caps the pair's upside.
Bitcoin misses Santa rally even as on-chain metrics show signs of price recovery
Bitcoin (BTC) price hovers around $97,000 on Friday, erasing most of the gains from earlier this week, as the largest cryptocurrency missed the so-called Santa Claus rally, the increase in prices prior to and immediately following Christmas Day.
2025 outlook: What is next for developed economies and currencies?
As the door closes in 2024, and while the year feels like it has passed in the blink of an eye, a lot has happened. If I had to summarise it all in four words, it would be: ‘a year of surprises’.
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.