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Global Data Pod

Global Data Pod US: Data Drop – Global Inflation Report Recap

Apr 25, 2024
Global Data Pod features Nora Szentivanyi, Global Economist, and Samantha Azzarello, Head of Content Strategy, discussing the monthly global inflation report. They analyze recent global inflation trends, emphasizing the rise in core CPI and regional dynamics between services and goods globally. Implications for central bank monetary policy are unpacked, hinting at a pause in the dissimflation trend.
04:28

Podcast summary created with Snipd AI

Quick takeaways

  • Global inflation remains persistent with limited scope for near-term declines, core CPI rising for a third straight month.
  • Core inflation's stickiness is mainly driven by services, posing challenges for central banks planning monetary policy adjustments.

Deep dives

Global Inflation Trends

Global inflation remained persistent in March with core CPI rising for a third straight month, indicating limited scope for near-term declines. The three-month annualized run rates increased to 3.7%, suggesting a slowdown in the disinflation process. Forecasts predict core inflation to moderate to around 3.3% by June and 3% by year-end, aligning with the trend of sticky inflation surprise.

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