top of page

📊 Negative Inflation Impulse Extends In February: Cable FX Macro

Writer's picture: Rosbel DuránRosbel Durán

**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)


0 comments

Comments


© 2024

CableFXWHITEdropshadow.png
  • Twitter - White Circle

Investing and trading involve risk. This includes the possible loss of principal and fluctuations in value. There is no assurance that objectives will be met. Do not risk capital that you cannot afford to lose.  

bottom of page