Western inflation re-accelerates in 2023 – Crypto News – Crypto News
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Western inflation re-accelerates in 2023 – Crypto News

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3 years ago

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Quick Take

  • Many Western countries are beginning to see a re-acceleration of inflation as negative real rates (meaning that interest rates are lower than the rate of inflation) continue.
  • Last week, the US pce The index reached 4.4%, exceeding expectations.
  • The UK also saw core inflation re-accelerate to forty-year highs.
  • New inflation data for other Western countries, including France, Italy, and Australia, is also troubling.
  • According to PIQAustralia’s CPI came in at 6.8% but was forecast to come in at 6.4%.
  • According to MacroBond, Italy’s CPI year over year came in at 7.6% but was forecasted to come in at 7.4%
  • Lastly, according to MacroBond, France’s Core CPI hit new highs at 6.27%.
France CPI: (Source: MacroBond)

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