Created
: 2024.10.17
2024.10.17 20:14
Headline and core CPI inflation ease globally; global PPI inflation is approaching negative territory. Inflation indicators such as freight costs, commodity prices show limited signs of inflationary pressures. Inflation remains very well-behaved in Asia, but food inflation continues to be a source of concern, Standard Chartered's economist Madhur Jha notes.
"UST breakevens suggest renewed concerns about US inflationary pressures. However, on a more global basis, drivers of inflation are still subdued. Supply-chain disruptions remain limited despite the escalation in geopolitical tensions, and orders-to-inventory ratios are easing, suggesting limited inflationary pressures ahead of the holiday season. While recent China stimulus has boosted industrial metal prices, commodity prices overall have been fairly stable. China continues to export deflation, with US import prices from China (and Asia) well below those from other regions."
"Headline CPI and PPI inflation continue to ease broadly, even in the SSA and MENA economies. Core inflation is also falling across regions, though it remains elevated compared to the pre-pandemic period. This should provide comfort to central banks looking to ease policy rates and support growth. More importantly, the momentum on both CPI and PPI inflation (3M/3M) continues to show signs of broad-based easing."
"Among Emerging Markets (EM) economies, inflation looks well-behaved in Asia, partly due to fairly stable exchange rates this year. Food inflation, however, continues to be a source of concern for Asia, with both the momentum and annual pace of inflation picking up. A similar trend is also seen in some other EM economies, suggesting potentially a lagged impact of El Niño conditions."
Created
: 2024.10.17
Last updated
: 2024.10.17
FXStreet is a forex information website, delivering market analysis and news articles 24/7.
It features a number of articles contributed by well-known analysts, in addition to the ones by its editorial team.
Founded in 2000 by Francesc Riverola, a Spanish economist, it has grown to become a world-renowned information website.
We hope you find this article useful. Any comments or suggestions will be greatly appreciated.
We are also looking for writers with extensive experience in forex and crypto to join us.
please contact us at [email protected].
Disclaimer:
All information and content provided on this website is provided for informational purposes only and is not intended to solicit any investment. Although all efforts are made in order to ensure that the information is correct, no guarantee is provided for the accuracy of any content on this website. Any decision made shall be the responsibility of the investor and Myforex does not take any responsibility whatsoever regarding the use of any information provided herein.
The content provided on this website belongs to Myforex and, where stated, the relevant licensors. All rights are reserved by Myforex and the relevant licensors, and no content of this website, whether in full or in part, shall be copied or displayed elsewhere without the explicit written permission of the relevant copyright holder. If you wish to use any part of the content provided on this website, please ensure that you contact Myforex.
Myforex uses cookies to improve the convenience and functionality of this website. This website may include cookies not only by us but also by third parties (advertisers, log analysts, etc.) for the purpose of tracking the activities of users. Cookie policy