The OECD has just releases their inflation figures for August. Year on year readings:
  • G20 countries 3.0% vs 3.2% in July
  • EU 1.5% from 1.7%
  • EZ 1.3% from 1.6%
  • France 1.0% vs 1.2% prior
  • Italy 1.2% unch
  • Germany 1.6% vs 1.9% prior
  • UK 2.7% vs 2.8%
  • US 1.5% from 2.0%
  • China 2.6% vs 2.7%
Obviously the data is a lagging somewhat but it’s yet another sign of falling inflation but this time on a global scale.
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