It’s time to measure inflation both in the US and abroad. Over the next 3 days in the US, import prices, PPI, CPI and the prices paid and received components in the NY and Philly Fed survey’s will be released. UK CPI hit 4% y/o/y, the highest since Nov ’08 while the BoE has their fingers crossed that its temporary as they have their benchmark rate at .5%. Chinese CPI rose 4.9%, below the official est of 5.4% but in line with yesterday’s leak and PPI rose 6.6% y/o/y vs the est of 6.2%. Also in China, Jan new loans totaled 1.040T yuan vs expectations of 1.2T yuan. Wholesale inflation in India rose 8.23% in Jan, down from Dec but slightly above the forecast. Euro Zone Q4 GDP rose .3% q/o/q, .1% less than expected. German ZEW 6 month economic outlook was also less than expected but the 10 yr Bund yield is at fresh 13 month high as the EU will likely double the bailout facility putting Germans further on the hook.
It’s time to measure inflation
February 15, 2011 8:21am by
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