Insights

Western inflation re-accelerates in 2023

exchange68September 13, 2024

0 0 1 minute read

Quick Take

Many Western countries are beginning to see a re-acceleration of inflation as negative real rates (meaning that interest rates are lower than the rate of inflation) continue.
Last week, the U.S. PCE index reached 4.4%, exceeding expectations.
The U.K. also saw core inflation re-accelerate to forty-year highs.
New inflation data for other Western countries, including France, Italy, and Australia, is also troubling.
According to PIQ, Australia’s CPI came in at 6.8% but was forecasted to come in at 6.4%.
According to MacroBond, Italy’s CPI year over year came in at 7.6% but was forecasted to come in at 7.4%
Lastly, according to MacroBond, France’s Core CPI hit new highs at 6.27%.

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.

Disclaimer: Our writers’ opinions are solely their own and do not reflect the opinion of CryptoSlate. None of the information you read on CryptoSlate should be taken as investment advice, nor does CryptoSlate endorse any project that may be mentioned or linked to in this article. Buying and trading cryptocurrencies should be considered a high-risk activity. Please do your own due diligence before taking any action related to content within this article. Finally, CryptoSlate takes no responsibility should you lose money trading cryptocurrencies.