Global Inflation Update | Metals Mine

  • Global Inflation Update

    From economics.td.com Story is in PDF Format

    Inflation across G-7 economies has accelerated following the run up in global energy prices stemming from the conflict in Iran. But the magnitude of the impact on inflation from this supply shock has been relatively larger for G7 members more reliant on oil and LNG from the Middle East, such as Japan, Germany, and Italy. On a year-over-year (y/y) basis, U.S. headline inflation reached 3.8% in April, a leap from 2.4% in February, as energy prices soared 17.9% y/y (Chart 1). Over in the euro area, inflation rose to 3.0% in April from 1.9% in February, marking the highest level since September 2023. Headline inflation ... (full story)

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