ISMS 31: Global CPI saw 2nd MoM uptick in August
The post was originally published here.
Listen on
Apple | Google | Spotify | YouTube | Other
Click here to get the PDF with all charts and graphs
Will the global CPI slowdown continue? Or will it rebound?
Global Markets
Global CPI saw 2nd monthly uptick in August, DM remains below Global; DM and EM are now on the rise
- Economies across the world have a GDP of about US$97trn and an average CPI of 5.1%
- DM has US$55trn GDP, and CPI was 4.3%
- EM has US$42trn GDP, and CPI was 6.1%
World CPI was 5.1%, down 3ppts from one year ago; MoM it was up 0.3ppt, a 2nd monthly uptick
- DM CPI was 4.3%, down 3.3 ppts from one year ago; MoM it was up 0.2ppts
- It has moved from a 0.5ppts discount to World CPI last year to the current 0.8ppt discount
- EM CPI was 6.1%, down 2.6 ppts from one year ago; MoM it was up 0.6ppts
- It has moved from a 0.7ppts premium to World CPI last year to the current 1ppt premium
Developed Regions
DM Americas CPI had 2nd uptick, DM Europe continues its slide, while DM Pacific stays flat at 4%
- DM Americas is the largest region, with US$28trn of GDP and 3.7% CPI
- DM Europe has US$15trn GDP and 5.2% CPI
- DM Pacific has US$8trn GDP and 3.9% CPI
DM Americas CPI had 2nd uptick, DM Europe continues its slide, while DM Pacific stays flat at 4%
- DM Americas CPI was 3.7%, down 4.4ppts from one year ago; MoM it was up 0.4ppts
- It has moved from a 0.1ppts premium to World CPI last year to the current 1.4ppt discount
- DM Europe CPI was 5.2%, down 2.9ppts from one year ago; MoM it was down 0.1ppts
- It has moved from a 0.1ppts premium to World CPI last year to the current 0.1ppt premium
- DM Pacific CPI was 3.9%, down 0.3ppts from one year ago; MoM it was down 0.1ppts
- It has moved from a 3.9ppts discount to World CPI last year to the current 1.2ppt discount
Emerging Regions
CPI in EM Asia and Frontier markets re-igniting, EM Europe continues its rise
- EM Americas had a small GDP of US$4trn and CPI of 5.4%
- EM Asia had a massive GDP of US$29trn and 1.4% CPI
- EM Europe had a small US$4trn GDP and a massive 16.5% CPI
- Emerging Middle East & Africa had a tiny US$2trn GDP and a high 10.9% CPI
- Frontier markets had a US$3trn GDP and an extremely high 32.3% CPI
CPI in EM Asia and Frontier markets re-igniting, EM Europe continues its rise
- EM Americas CPI was 5.4%, down 3.9ppts from one year ago; MoM it was up 0.1ppts
- It has moved from a 1.3ppts premium to World CPI last year to the current 0.3ppt premium
- EM Asia CPI was 1.4%, down 2.1ppts from one year ago; MoM it was up 0.3ppts
- It has moved from a 4.5ppts discount to World CPI last year to the current 3.6ppt discount
- EM Europe CPI was 16.5%, down 11.8ppts from one year ago; MoM it was up 2.1ppts
- It has moved from a 20.3ppts premium to World CPI last year to the current 11.4ppt premium
- EM ME&A CPI was 10.9%, up 3.9ppts from one year ago; MoM it was flat
- It has moved from a 1ppts discount to World CPI last year to the current 5.8ppt premium
- Frontier CPI was 32.3%, up 6ppts from one year ago; MoM it was up 2ppts
- It has moved from a 18.3ppts premium to World CPI last year to the current 27.2ppt premium
Developed Countries
2nd US CPI uptick; strong 1st uptick in France; Japan and UK steady slide; Germany flat
- Top five DM countries
- US GDP was US$25trn, CPI of 3.7%
- Japan US$5trn and 3.1% CPI
- Germany US$4.3trn and 6.2% CPI
- UK: US$3.4trn, 6.8%
- France: US$3trn/4.6%
- USA CPI was 3.7%, down 4.5ppts from one year ago; MoM it was up 0.4ppts
- It has moved from a 0.2ppts premium to World CPI last year to the current 1.4ppt discount
- Japan CPI was 3.1%, up 0.1ppts from one year ago; MoM it was down 0.1ppts
- It has moved from a 5ppts discount to World CPI last year to the current 2ppt discount
- Germany CPI was 6.2%, down 0.9ppts from one year ago; MoM it was flat
- It has moved from a 0.9ppts discount to World CPI last year to the current 1.1ppt premium
- UK CPI was 6.8%, down 3.2ppts from one year ago; MoM it was down 0.2ppts
- It has moved from a 1.9ppts premium to World CPI last year to the current 1.7ppt premium
- France CPI was 4.6%, down 1.2ppts from one year ago; MoM it was up 0.5ppts
- It has moved from a 2.2ppts discount to World CPI last year to the current 0.5ppt discount
Emerging Countries
China CPI flat after July deflation; India slows; strong rise in Korea; rising in Russia and Brazil
- China: US$20trn/0.1%
- India: US$3.5trn/6.8%
- Korea: US$1.8trn/3.5%
- Russia: US$1.8trn/5.2%
- Brazil: US$1.8trn/4.7%
- China CPI was 0.1%, down 2.3ppts from one year ago; MoM it was up 0.4ppts
- It has moved from a 5.7ppts discount to World CPI last year to the current 5ppt discount
- India CPI was 6.8%, down 0.1ppts from one year ago; MoM it was down 0.6ppts
- It has moved from a 1.1ppts discount to World CPI last year to the current 1.7ppt premium
- Korea CPI was 3.5%, down 2.2ppts from one year ago; MoM it was up 1.2ppts
- It has moved from a 2.4ppts discount to World CPI last year to the current 1.6ppt discount
- Russia CPI was 5.2%, down 9.2ppts from one year ago; MoM it was up 0.9ppts
- It has moved from a 6.3ppts premium to World CPI last year to the current 0.1ppt premium
- Brazil CPI was 4.7%, down 4.1ppts from one year ago; MoM it was up 0.6ppts
- It has moved from a 0.8ppts premium to World CPI last year to the current 0.4ppt discount
Developed Countries
Highest CPI
- Sweden CPI was 7.6%, down 2.2ppts from one year ago; MoM it was down 1.8ppts
- It has moved from a 1.7ppts premium to World CPI last year to the current 2.5ppt premium
- Austria CPI was 7.5%, down 1.8ppts from one year ago; MoM it was up 0.4ppts
- It has doubled its 1.2ppts premium to World CPI last year to the current 2.4ppt premium
- UK CPI was 6.8%, down 3.2ppts from one year ago; MoM it was down 0.2ppts
- It has moved from a 1.9ppts premium to World CPI last year to the current 1.7ppt premium
- Ireland CPI was 6.4%, down 2.4ppts from one year ago; MoM it was up 0.5ppts
- It has moved from a 0.7ppts premium to World CPI last year to the current 1.3ppt premium
- Germany CPI was 6.2%, down 0.9ppts from one year ago; MoM it was flat
- It has moved from a 0.9ppts discount to World CPI last year to the current 1.1ppt premium
Emerging Countries
Highest CPI
- Argentina* CPI was 124.4%, up 45.9ppts from one year ago; MoM it was up 11ppts
- It has moved from a 70.4ppts premium to World CPI last year to the current 119.3ppt premium
- Turkey CPI was 60.9%, down 19.6ppts from one year ago; MoM it was up 11.3ppts
- It has moved from a 72.4ppts premium to World CPI last year to the current 55.8ppt premium
- Egypt CPI was 38.2%, up 23.3ppts from one year ago; MoM it was up 1ppts
- It has moved from a 6.9ppts premium to World CPI last year to the current 33.2ppt premium
- Pakistan* CPI was 28%, up 0.8ppts from one year ago; MoM it was down 0.9ppts
- It has moved from a 19.1ppts premium to World CPI last year to the current 22.9ppt premium
- Nigeria* CPI was 26.2%, up 5.6ppts from one year ago; MoM it was up 1.7ppts
- It has moved from a 12.5ppts premium to World CPI last year to the current 21.1ppt premium
*denotes Frontier market
Developed Countries
Lowest CPI
- Switzerland CPI was 1.6%, down 1.8ppts from one year ago; MoM it was down 0.1ppts
- It has moved from a 4.6ppts discount to World CPI last year to the current 3.5ppt discount
- Hong Kong CPI was 1.8%, down 0.2ppts from one year ago; MoM it was down 0.1ppts
- It has moved from a 6.1ppts discount to World CPI last year to the current 3.3ppt discount
- Denmark CPI was 2.4%, down 6.5ppts from one year ago; MoM it was down 0.7ppts
- It has moved from a 0.9ppts premium to World CPI last year to the current 2.6ppt discount
- Spain CPI was 2.7%, down 7.8ppts from one year ago; MoM it was up 0.3ppts
- It has moved from a 2.4ppts premium to World CPI last year to the current 2.4ppt discount
- Netherlands CPI was 3%, down 9.1ppts from one year ago; MoM it was down 1.5ppts
- It has moved from a 4ppts premium to World CPI last year to the current 2.1ppt discount
Emerging Countries
Lowest CPI
- China CPI was 0.1%, down 2.3ppts from one year ago; MoM it was up 0.4ppts
- It has moved from a 5.7ppts discount to World CPI last year to the current 5ppt discount
- Jordan* CPI was 0.9%, down 4.5ppts from one year ago; MoM it was flat
- It has moved from a 2.6ppts discount to World CPI last year to the current 4.2ppt discount
- Thailand CPI was 0.9%, down 6.9ppts from one year ago; MoM it was up 0.5ppts
- It has moved from a 0.2ppts discount to World CPI last year to the current 4.2ppt discount
- Saudi Arabia CPI was 2%, down 0.9ppts from one year ago; MoM it was down 0.4ppts
- It has moved from a 5.2ppts discount to World CPI last year to the current 3.1ppt discount
- Malaysia CPI was 2.1%, down 2.5ppts from one year ago; MoM it was flat
- It has moved from a 3.4ppt discount to World CPI last year to the current 3ppt discount
*denotes Frontier market
Developed Countries
Largest rise/Least fall
- Japan CPI was 3.1%, up 0.1ppts from one year ago; MoM it was down 0.1ppts
- It has moved from a 5ppt discount to World CPI last year to the current 2ppt discount
- Hong Kong CPI was 1.8%, down 0.2ppts from one year ago; MoM it was down 0.1ppts
- It has moved from a 6.1ppt discount to World CPI last year to the current 3.3ppt discount
- Israel CPI was 4.2%, down 0.4ppts from one year ago; MoM it was up 0.8ppts
- It has moved from a 3.5ppt discount to World CPI last year to the current 0.9ppt discount
- Australia CPI was 6.1%, down 0.8ppts from one year ago; MoM it was flat
- It has moved from a 1.1ppt discount to World CPI last year to the current 1ppt premium
- Germany CPI was 6.2%, down 0.9ppts from one year ago; MoM it was flat
- It has moved from a 0.9ppt discount to World CPI last year to the current 1.1ppt premium
Emerging Countries
Largest rise/Least fall
- Argentina* CPI was 124.4%, up 45.9ppts from one year ago; MoM it was up 11ppts
- It has moved from a 70.4ppts premium to World CPI last year to the current 119.3ppt premium
- Egypt CPI was 38.2%, up 23.3ppts from one year ago; MoM it was up 1ppts
- It has moved from a 6.9ppts premium to World CPI last year to the current 33.2ppt premium
- Nigeria* CPI was 26.2%, up 5.6ppts from one year ago; MoM it was up 1.7ppts
- It has moved from a 12.5ppts premium to World CPI last year to the current 21.1ppt premium
- Hungary CPI was 16.6%, up 1ppts from one year ago; MoM it was down 1.3ppts
- It has moved from a 7.5ppts premium to World CPI last year to the current 11.5ppt premium
- Pakistan* CPI was 28%, up 0.8ppts from one year ago; MoM it was down 0.9ppts
- It has moved from a 19.1ppts premium to World CPI last year to the current 22.9ppt premium
*denotes Frontier market
Developed Countries
Smallest rise/Biggest fall
- Netherlands CPI was 3%, down 9.1ppts from one year ago; MoM it was down 1.5ppts
- It has moved from a 4ppts premium to World CPI last year to the current 2.1ppt discount
- Spain CPI was 2.7%, down 7.8ppts from one year ago; MoM it was up 0.3ppts
- It has moved from a 2.4ppts premium to World CPI last year to the current 2.4ppt discount
- Denmark CPI was 2.4%, down 6.5ppts from one year ago; MoM it was down 0.7ppts
- It has moved from a 0.9ppts premium to World CPI last year to the current 2.6ppt discount
- Belgium CPI was 4.1%, down 5.9ppts from one year ago; MoM it was flat
- It has moved from a 1.9ppts premium to World CPI last year to the current 1ppt discount
- Portugal CPI was 3.8%, down 5.2ppts from one year ago; MoM it was up 0.6ppts
- It has moved from a 0.9ppts premium to World CPI last year to the current 1.3ppt discount
Emerging Countries
Smallest rise/Biggest fall
- Sri Lanka* CPI was 4%, down 57.9ppts from one year ago; MoM it was down 2.3ppts
- It has moved from a 53.8ppts premium to World CPI last year to the current 1.1ppt discount
- Estonia* CPI was 4.8%, down 19.8ppts from one year ago; MoM it was down 1.8ppts
- It has moved from a 16.6ppts premium to World CPI last year to the current 0.3ppt discount
- Turkey CPI was 60.9%, down 19.6ppts from one year ago; MoM it was up 11.3ppts
- It has moved from a 72.4ppts premium to World CPI last year to the current 55.8ppt premium
- Lithuania* CPI was 6.3%, down 16ppts from one year ago; MoM it was down 1.3ppts
- It has moved from a 14.2ppts premium to World CPI last year to the current 1.2ppt premium
- Bulgaria* CPI was 7.8%, down 9.9ppts from one year ago; MoM it was down 0.8ppts
- It has moved from a 9.6ppts premium to World CPI last year to the current 2.7ppt premium
*denotes Frontier market