We did a review of inflation across the top US trading partners and things seem to be moderating across the world. Let’s take a look.
The average inflation rate for all top US trading partners is down to 3.18 percent and the overall trend is down across most of the countries. It would seem the Fed and central banks around the world keeping rates high is finally having an effect on inflation.
For the top 3 US trading partners, inflation is moderating across China, Canada and Mexico. Unfortunately, most of the western industrialized world is experiencing labor shortages due to demographics so it will be interesting to see if the dis-inflation continues or if it rears its ugly head later in 2024. To find out, stay tuned, stay profitable and stay solvent….