Insights

Rapid core inflation rise leaves Bank of England behind, skyrockets bond yields

exchange68September 13, 2024

0 0 1 minute read

Quick Take

Headline CPI inflation fell for the UK in April to 8.7%, forecasted at 8.2%, a huge miss.
CryptoSlate has reported previously that core inflation worldwide is the biggest issue.
UK Core CPI year over year came in at 6.8% from 6.2%, a high not seen since 1992.
In addition, core CPI month over month accelerated to 1.2%, expected at 0.7%.
As a result, yields have soared, leaving a severe inversion across the yield curve.

Core Inflation: (Source: Trading Economics)

Analyst

James Van Straten

Former Lead Analyst at CryptoSlate

James fervently appreciates data, technology, and trend-spotting. As a tech and liberty maximalist, he hails Bitcoin as the 21st century’s paramount invention.

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