🔺G10 Average Inflation Slips Below 2.0%: Cable FX Macro

• U.S. headline consumer prices continue to rise faster than the average inflation rate in the developed markets. As of September data, the average inflation in the G10 slipped below 2.0%, the slowdown is consistent with the precedent trend. U.S. prices remain 0.6pp higher than the G10, at 2.4% Y/y

• Analysts expect U.S. prices to rise 2.9% in 2024, according to data compiled by Bloomberg. All G10 countries are seen posting prices above their respective central bank targets this year, except for Switzerland and Canada