Free Trial
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
GLOBAL
Supply chain issues were one of the reasons why G20 inflation rose above rates not seen since the series began in 1997. But they have been easing for around a year now and signal further downward pressure on headline inflation from this source.
- The Federal Reserve Bank of New York’s measure of global supply chain pressures fell further in May to -1.56, lowest since November 2008, but then ticked up to -1.2 in June. On a 3-month average basis it is unchanged at a very low level. It is indicating that global inflation pressures should continue to ease over the months ahead.
- G20 headline CPI inflation eased in May to 5.9% from 6.5% and a peak of 9.5% in September 2022. June is likely to moderate further with US, euro area and non-Japan Asian inflation declining again. Underlying price pressures have been stickier in coming down, thus keeping central banks alert.
G20 CPI y/y% vs NY Fed's global supply chain pressures 3mma
Source: MNI - Market News/Refinitiv
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
We are facing technical issues, please contact our team.
ok
Your request was sent sucessfully! Our team will contact you soon.
ok