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1. U.S. Inflation Hits Highest Level Since 2008 2. Inflation Rate in U.S. Climbs to 3.6%, Highest Level Since 2012 3. Fed's Powell: Inflation Is Rising, But It's Not a Short-Term Problem 4. How Inflation Can Affect Your Investments 5. What Is Inflation and How Does It Affect the Economy? 6. 8 Simple Strategies to Protect Yourself From Inflation 7. What You Need to Know About High Inflation 8. Corporate Profits Feel the Squeeze as Inflation Rises 9. How Inflation Affects Your Finances 10. Video: What Is Inflation and How Does It Impact You?
Today, focus is on euro area HICP inflation from September. We expect headline inflation to decline to 1.6% y/y from 2.2%, below consensus of a decline to 1.8%, due to the lower-than-expected prints from Spain and France. Energy inflation drives most of the downtick while core inflation should only decline to 2.7% y/y. The most important part of the print will be the monthly increases in services inflation, which remain high, but momentum is clearly coming down as per the released country data so far.
In Switzerland, we get inflation data for September. Consensus expects a drop to 1.0% in headline inflation (from 1.1%) and core to remain steady at 1.1%. This should leave inflation in line with the SNBs Q3 forecast at 1.1%. In line with the SNB, we expect inflation to continue to edge lower into the lower end of the inflation target range of 0-2%.
By Luisa Maria Jacinta C. Jocson, Reporter Headline inflation sharply slowed to an over-four year low in September as food and transport costs declined, giving the Philippine central bank space for further policy easing. The consumer price index (CPI) slowed to 1.9 % year on year in September from 3.3% in August and 6.1% a year ago, the […]
RATES of the Treasury bills (T-bills) on offer this week could ease further after Philippine headline inflation slowed to an over four-year low in September, which giving the central bank room to continue its policy easing cycle. The Bureau of the Treasury (BTr) will auction off P20 billion in T-bills on Monday, or P6.5 billion […]
The Reserve Bank of India will look to keep inflation on a 'tight leash' after a slight rise in the latest reading as the central bank sees upside risks to prices from adverse weather events and geopolitical mentions. The moderation in headline inflation is expected to reverse in September but will likely remain elevated in the near term, Governor Shaktikanta Das said during this policy address on Wednesday.
In the US we get the September CPI figures, which is the most important data release this week. We forecast headline inflation slowing down to 0.1% m/m SA and 2.4% y/y (from 0.2% and 2.6%) mostly driven by lower energy prices, and core inflation to 0.2% m/m SA and 3.2% y/y (from +0.3% and 3.3%). Signs of stickier price pressures especially in the services sector would add to expectations that the Fed opts for only smaller 25bp rate cuts at the coming meetings.
Oops. Inflation in the US came in hotter-than-expected in September, both on monthly and yearly basis. The headline inflation eased less than expected from 2.5% to 2.4%, while core inflation unexpectedly ticked higher from 3.2% to 3.3%. Nothing looked encouraging in that inflation report for the Federal Reserve (Fed) doves.
Following the RBNZ, which cut interest rates by 50 basis points this Wednesday, the central bank torch will be passed next week to the ECB. Although last time, President Lagarde and her colleagues did not back an October rate cut, their stance started to shift following the disappointing PMIs and the slide in headline inflation below 2%, prompting market participants to increase bets of such an action.