With the United Kingdom, Canada and EUstats release of March data, I have updated my comparison graph. [Note, the USA(EU method) is directly from Eurostat.]
As always, here is a snapshot of early inflation or transitory, until it turned in to everybody's problem.
To rehash, the U.S. transitory inflation was a product of massive stimulus and a snarled global supply chain. Retailers in a desperate bid to restock, inflated shipping container prices, shipping costs, etc. Which did lead to pressures globally.
Then came the energy crunch, which really impacted globally... for awhile.
Inflation seems to be steadying across the board. The expectations for a continuing slowing... is up in the air.
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