With inflation in the using coming in at a whopping 8.3 percent for August we wanted to take a look at the top 10 US trading partners and check out inflation is doing there. We got all the data except for Canada and Japan which isn’t out as of the time of this post.
Let’s take a look at the top 10 trading partners:
Inflation across the top 10 trading partners is still trending HIGHER and is now approaching 7 percent!
The top 3 trading partners are China, Canada and Mexico:
Looking at the top three trading partners, the trend is also higher although US inflation dropped slightly. We still seemed poised to have inflation continue to grow and the current issues in Ukraine and Russian energy boycotts may trigger energy prices to skyrocket over the upcoming winter months so we could easily see this trend go higher.
While we have been nibbling at dividend stocks and building an inflation defensive portfolio, we have also started picking up more government backed bonds such as I-Bonds and Short-Term T-Bills as rates continue to climb.
Stay tuned and stay solvent…
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