Global economy converges on 5% inflation

Monday 22 August 2022

Goldman with an interesting note on the global trends in inflation.

GS trimmed core inflation:

Our July sequential trimmed core inflation measures were very strong in the UK (+6.5% month-over-month annualized), the Euro area(+5.8%) and Canada(+5.2), and solid in the US (+3.0% core PCE forecast) and Japan(+2.9%).

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About the author

David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific's leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.