**As seen in Online Tools > Inflation Monitor, subscribe at cablefxm.co.uk/members
The Inflation Monitor is found in the Online Tools section and tracks headline price developments in the G10
Last week, we received inflation data from Canada, U.K., Japan and Sweden (PPI). Sweden CPI continues to overshoot the central bank target by the most (top right chart), this is followed by the UK. Japan is now above the BoJ's target, headline prices were undershooting it just a year earlier, last at 3.3% Y/y
For now, economists' forecasts see prices above central banks' targets across the G10, expectations overshoot the most in Sweden and the UK. The median economist projection sees U.K. headline CPI rising by 4.45% this year (bottom right table)
Inflation impulse has turned negative since last year, September saw the U.S. fall below zero for the first time since August 2020. As of February, more than half of the group posts negative inflation impulse, Sweden and Australia lead the acceleration. The U.K. remains positive, however, the last read is close to zero and off its July highs of 0.77 (bottom left graph)

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