Capital Daily Peak inflation and the prospects for equities Although we think this week’s disappointing CPI report in the US is just a bump on the road towards much lower inflation, and that today’s rather disappointing news on retail sales and industrial... 15th September 2022 · 7 mins read
Africa Data Response Nigeria Consumer Prices (Aug.) Nigeria’s headline inflation rate surpassed 20% y/y for the first time in 17 years in August and we think that this will prompt the central bank to respond with a 50bp increase to its benchmark... 15th September 2022 · 2 mins read
Middle East & North Africa Data Response Saudi Arabia Consumer Prices (Aug.) Saudi inflation rose to 3.0% y/y in August largely on the back of stronger non-food inflation, but we think that the headline rate is close to its peak and will slow over the rest of this year and... 15th September 2022 · 2 mins read
Global Economics Chart Pack Major economies struggling for different reasons The latest data have revealed that the world’s major economies are all struggling, but for different reasons. In Europe, the energy crisis is largely behind the recent softness in consumer and... 14th September 2022 · 13 mins read
Nordic & Swiss Chart Pack Price pressures to keep central banks in hawkish mood Consumer price inflation has continued to accelerate in Switzerland and across the Nordics, adding to the pressure on central banks to tighten monetary policy more aggressively. In Switzerland... 14th September 2022 · 4 mins read
UK Data Response Consumer Prices (Aug.) Despite CPI inflation easing from 10.1% in July to 9.9% in August, inflation has not peaked yet. We think CPI inflation will rise to 11.0% later this year and that the tight labour market will keep... 14th September 2022 · 3 mins read
Nordic & Swiss Data Response Sweden Consumer Prices (Aug.) The continued increase in inflation in August, with the core rate hitting its highest level since December 1991, will keep the Riksbank in hawkish mode. We had expected the Bank to raise its repo rate... 14th September 2022 · 2 mins read
India Economics Update Coal shortages could take steam out of economy India is facing renewed concerns about energy supply, fuelled by low inventories of coal. With the economy very reliant on coal for electricity generation, persistent shortages would almost certainly... 13th September 2022 · 2 mins read
US Data Response Consumer Prices (Aug.) The 0.6% m/m increase in core consumer prices in August, double the consensus expectation, confirms that the Fed will hike its policy rate by at least 75bp next week. Nevertheless, that outsized... 13th September 2022 · 2 mins read
Capital Daily Inflation compensation may not rise, even if oil prices do US inflation compensation has declined over recent weeks as oil prices have fallen back. But this relationship isn’t set in stone and, even if oil prices rise again, inflation compensation may not. 12th September 2022 · 5 mins read
Europe Economics Update Five questions on Europe’s energy crisis response European policymakers have been discussing how to tackle skyrocketing energy prices in the region to ease the financial pain for households and firms this winter. In this Update, we answer five key... 12th September 2022 · 4 mins read
India Data Response Consumer Prices (Aug.) & Industrial Production (Jul.) The rise in Indian CPI inflation in August to further above the RBI’s 2-6% target range should ensure that the central bank delivers another 50bp hike to the repo rate (to 5.90%) in its meeting at the... 12th September 2022 · 2 mins read
Emerging Europe Data Response Russia Consumer Prices (Aug.) & GDP (Q2) Inflation continued to fall sharply in Russia in August, to 14.3% y/y, and there’s little standing in the way of another interest rate cut by the central bank next week. We expect a 50bp reduction to... 9th September 2022 · 3 mins read
Latin America Economics Weekly Chile goes back to the drawing board The surprisingly strong rejection of Chile’s proposed new constitution has eased concerns about a radical shake up of the country’s economic model. But the constitutional process is set to continue... 9th September 2022 · 5 mins read
