China's Inflation Rate Eases to Zero
Deflation in China? China's Consumer Price Index (CPI) year-on-year growth rate in June dropped to 0% (prev. 0.2%). Producer Price Index (PPI) year-on-year growth rate dropped to -5.4% (prev. -4.6%). Source: Bloomberg
Swiss Inflation returned below SNB’s 2% Ceiling in June
The figures offer limited reassurance to officials who have already signaled further
tightening is likely.
CPI YoY rose 1.7%, down from 2.2% the previous month, as energy costs fell. Underlying inflation, which strips out such volatile elements, also slowed to 1.8%. Source: BBG, Swiss statistics agency
Long term inflation expectations higher in Europe than in US!
For the first time in more than 10 years, markets expect long-term inflation to be higher in the Eurozone than in the U.S. A direct result of the fact that the FED seems to be fighting inflation more aggressively than the ECB? Source: Bloomberg
