Top Trading Partner Inflation Check

The Federal Reserve’s favorite measure of inflation came up at a whopping 6.6 percent. From CNN:

The Personal Consumption Expenditures price index increased by 6.6% for the year ended in March, the Commerce Department reported Friday. It was the highest rate since the period ended January 1982, outpacing the figure from February.

CNN

We decided to take a look at global inflation and in particular the U.S. top trading partners.

The red trend line with diamond blocks shows the average inflation for the U.S. top trading partners and it continues to climb. Mexico and Canada, the top trading partners have inflation rates above 7 percent and 5 percent respectively, while China miraculously holds at under 2 percent.

In Europe, the Eurozone has inflation at its highest peak as well. From CNBC:

Inflation in the euro zone has hit a record high for the sixth consecutive month, sparking further questions over how the European Central Bank will react. Headline inflation in the 19-member region reached 7.5% in April, according to preliminary estimates by Europe’s statistics office released Friday. In March, the figure came in at 7.4%.

CNBC.com

Next week, the Federal Reserve is scheduled to announce their new interest rate policy, we’ll see if it’s a significant bump or inflation will continue to spiral out of control.

Stay tuned and stay solvent…