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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.
US
- In the past few months, one major factor behind the rise in inflationary pressures globally has been the significant year-on-year change in oil prices following the April 2020 crash.
- As a reminder, headline inflation in the US has reached 5% in May, its highest level since August 2008, and investors have been increasingly concerned the spike in inflation in inflation may not be transitory, with prices gradually starting to feed through wages.
- This chart shows the strong relationship between the 6M change in the YoY change in Brent prices with the 6M change in CPI inflation (1M lag).
- With oil prices expecting to remain steady or move slightly higher in the coming months, the YoY change will fall significantly, implying that inflation is closed to its peak.
Source: Bloomberg/MNI
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.
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