ISMS 31: Global CPI saw 2nd MoM uptick in August
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Will the global CPI slowdown continue? Or will it rebound?Global MarketsGlobal CPI saw 2nd monthly uptick in August, DM remains below Global; DM and EM are now on the riseEconomies across the world have a GDP of about US$97trn and an average CPI of 5.1%DM has US$55trn GDP, and CPI was 4.3%EM has US$42trn GDP, and CPI was 6.1%World CPI was 5.1%, down 3ppts from one year ago; MoM it was up 0.3ppt, a 2nd monthly uptickDM CPI was 4.3%, down 3.3 ppts from one year ago; MoM it was up 0.2pptsIt has moved from a 0.5ppts discount to World CPI last year to the current 0.8ppt discountEM CPI was 6.1%, down 2.6 ppts from one year ago; MoM it was up 0.6pptsIt has moved from a 0.7ppts premium to World CPI last year to the current 1ppt premiumDeveloped RegionsDM Americas CPI had 2nd uptick, DM Europe continues its slide, while DM Pacific stays flat at 4%DM Americas is the largest region, with US$28trn of GDP and 3.7% CPIDM Europe has US$15trn GDP and 5.2% CPIDM Pacific has US$8trn GDP and 3.9% CPIDM Americas CPI had 2nd uptick, DM Europe continues its slide, while DM Pacific stays flat at 4%DM Americas CPI was 3.7%, down 4.4ppts from one year ago; MoM it was up 0.4pptsIt has moved from a 0.1ppts premium to World CPI last year to the current 1.4ppt discountDM Europe CPI was 5.2%, down 2.9ppts from one year ago; MoM it was down 0.1pptsIt has moved from a 0.1ppts premium to World CPI last year to the current 0.1ppt premiumDM Pacific CPI was 3.9%, down 0.3ppts from one year ago; MoM it was down 0.1pptsIt has moved from a 3.9ppts discount to World CPI last year to the current 1.2ppt discountEmerging RegionsCPI in EM Asia and Frontier markets re-igniting, EM Europe continues its riseEM Americas had a small GDP of US$4trn and CPI of 5.4%EM Asia had a massive GDP of US$29trn and 1.4% CPIEM Europe had a small US$4trn GDP and a massive 16.5% CPIEmerging Middle East & Africa had a tiny US$2trn GDP and a high 10.9% CPIFrontier markets had a US$3trn GDP and an extremely high 32.3% CPICPI in EM Asia and Frontier markets re-igniting, EM Europe continues its riseEM Americas CPI was 5.4%, down 3.9ppts from one year ago; MoM it was up 0.1pptsIt has moved from a 1.3ppts premium to World CPI last year to the current 0.3ppt premiumEM Asia CPI was 1.4%, down 2.1ppts from one year ago; MoM it was up 0.3pptsIt has moved from a 4.5ppts discount to World CPI last year to the current 3.6ppt discountEM Europe CPI was 16.5%, down 11.8ppts from one year ago; MoM it was up 2.1pptsIt has moved from a 20.3ppts premium to World CPI last year to the current 11.4ppt premiumEM ME&A CPI was 10.9%, up 3.9ppts from one year ago; MoM it was flatIt has moved from a 1ppts discount to World CPI last year to the current 5.8ppt premiumFrontier CPI was 32.3%, up 6ppts from one year ago; MoM it was up 2pptsIt has moved from a 18.3ppts premium to World CPI last year to the current 27.2ppt premiumDeveloped Countries2nd US CPI uptick; strong 1st uptick in France; Japan and UK steady slide; Germany flatTop five DM countriesUS GDP was US$25trn, CPI of 3.7%Japan US$5trn and 3.1% CPIGermany US$4.3trn and 6.2% CPIUK: US$3.4trn, 6.8%France: US$3trn/4.6%USA CPI was 3.7%, down 4.5ppts from one year ago; MoM it was up 0.4pptsIt has moved from a 0.2ppts...