It’s time to check in on global inflation and we have some disappointing news, the trend seems to be going back up.
The average inflation across the countries we monitor is now up to 3 percent, up from 2.85 percent back in January. To add injury to insult, oil is rising which will likely impact March inflation negatively as well. Oil is a key input into everything so increases in oil eventually trickle down into everything manufactured and distributed.
For the top 3 US partners, inflation is a bit worse and trending in the wrong direction.
The average inflation rate for the U.S., Mexico and China is 3.47 percent. The Fed has difficult decision in the upcoming months, lower rates and risk inflation spikes or keep rates high and instigate a recession. We’ll keep an eye on it so stay tuned, stay profitable and stay solvent…