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Global Data Pod
Global Data Pod Research Rap: Data Drop – January Inflation Report Recap
Feb 29, 2024
Exploring global inflation, the podcast dives into regional differences, such as firming prices in the US and deflationary pressures in China. They also discuss the impact of Red Sea disruptions on container shipping costs and the outlook for global core inflation.
06:37
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Quick takeaways
- Global core inflation remained around 3%, showing resilience in growth and sticky trends in consumer prices pressured by services.
- Regional variations in inflation rates were noted, with the US experiencing significant service price growth while China faced deflationary pressures from excess capacity.
Deep dives
Global Inflation Monitor Overview
In early 2024, global core inflation remained around 3%, highlighting resilience in growth and sticky inflation trends. Consumer prices were mainly pressured by services, showing a firm increase. While consumer energy prices still exerted downward pressure, the overall progress in lowering inflation rates appeared to slow, indicating limited advancements expected in the first half of the year.
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