With the release of (the plunging) producer price index today, we thought we would take a look at some of our latest PPI and trade price charts (i.e. February data point) that have been released in the last two days....
Inflation is low around the world. According to our simple average of 33 CPIs (and 22 PPIs) inflation has been falling for the past four months. Not surprising then, inflation surprises are negative as well....
In today’s US economic releases, we saw signs of a rebound in employment (with a caveat), a pick up in manufacturing activity, and another data point signalling low inflation. Initial jobless claims dropped by 21k to 323k....
To get an idea of what the approximate ”inflation temperature” is around the world, we do a very simple exercise of averaging the year-over-year percentage change in CPI and PPI in a variety of countries around the world. We do our best to capture every...
