Inflation or Deflation 03 (Jan 24 - Dec 27)

[behappyalways]

Few do inflation better than Chanel!
https://x.com/AyeshaTariq/status/1852275182041252056

[behappyalways]

Global Food Prices Hit 19-Month High As Upward Momentum Sparks Fears Of Stickiness
https://www.zerohedge.com/commodities/g ... stickiness

[behappyalways]

These Are The Countries With The Highest Food Inflation In 2024
https://www.zerohedge.com/personal-fina ... ation-2024

[behappyalways]

German inflation pops
https://x.com/duediligenceguy/status/18 ... 7081963759

[winston]

US Inflation

US consumer inflation rose for a third straight month in December as energy prices jumped but a widely watched measure eased slightly, raising hopes that underlying inflation may be moderating.

The consumer price index (CPI) accelerated to 2.9 per cent last month from a year ago, up from 2.7 per cent in November, the Labor Department said in a statement on Wednesday.

On a monthly basis, inflation rose by 0.4 per cent, slightly faster than expected.

Source: Phillips

[winston]

CPI:-

Used car prices increased for the third consecutive month, rising 1.2% in December after a 2% gain in November.
As I mentioned earlier, motor vehicle insurance rose sharply, climbing 11.3% year-over-year.

Energy prices climbed 2.6% month-over-month, primarily driven by a 4.4% spike in gas prices after a 0.6% increase in November.

The food index rose 0.3% month-over-month and 2.5% year-over-year. Groceries recorded their highest annual increase since October 2023.

Within the food index, egg prices stood out, increasing 3.2% in December after an 8.2% spike in November. Egg prices have surged 37% over the past year.

Source: Investor Place

[winston]

PPI:-

Service costs remained flat in December, providing some relief as services have been a significant driver of inflation in recent years. Over the past 12 months, service prices have increased 4%.

Goods prices moved 0.6% higher in December, primarily due to a spike in energy costs, which have since stabilized.

Energy prices surged 3.5% month-over-month, driven by a steep 9.7% rise in gasoline prices.

Food prices eased slightly, slipping 0.1% in December after a sharp jump in November tied to
surging egg prices. Wholesale egg prices increased by only 0.5% in December, compared to the dramatic 56% spike seen the previous month due to a bird flu outbreak.

Source: Investor Place

[behappyalways]

The struggle is real in China as the country could see the longest period of deflation since the 1960s
https://x.com/Mayhem4Markets/status/1881668121574171062

[behappyalways]

Japan now has a serious inflation problem...
https://x.com/duediligenceguy/status/18 ... 7365159061

[behappyalways]

Euro zone inflation rises to hotter-than-expected 2.5% in January on energy price hike
https://www.cnbc.com/2025/02/03/euro-zo ... -2025.html