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Today is an hot day, not only for temperatures, but also for economic data.
Follow me meanwhile I unroll all the new prints we had today
Super important thread on #inflation and the #housing #market
Lot of metrics to cover, get comfortable and get ready
🤓🧵
Follow me meanwhile I unroll all the new prints we had today
Super important thread on #inflation and the #housing #market
Lot of metrics to cover, get comfortable and get ready
🤓🧵
#CPI prints:
#UK YoY
Actual
9.4%
Forecast
9.3%
Previous
9.1%
#UK MoM
Actual
0.8%
Forecast
0.7%
Previous
0.7%
#Canada YoY
Actual
8.1%
Forecast
8.4%
Previous
7.7%
#Canada MoM
Actual
0.7%
Forecast
0.9%
Previous
1.4%
Let's unpack it briefly
#UK YoY
Actual
9.4%
Forecast
9.3%
Previous
9.1%
#UK MoM
Actual
0.8%
Forecast
0.7%
Previous
0.7%
#Canada YoY
Actual
8.1%
Forecast
8.4%
Previous
7.7%
#Canada MoM
Actual
0.7%
Forecast
0.9%
Previous
1.4%
Let's unpack it briefly
With a 9.4% UK finds itself on the firsts European (continent) Countries that are approaching double digits #inflation, and with the lack of haste in interventions on the #monetary #policies side, the #peak #inflation seems still far away. Let alone the MoM momentum, still high
