Why headline US inflation could be about to plunge, in one chart

Why headline US inflation could be about to plunge, in one chart

If the chart below from Westpac Bank is anything to go by, headline inflation in the US could be about to fall off a cliff. It shows US West Texas Intermediate (WTI) crude prices overlaid against US PCE inflation going back to the start of the decade. Both are expressed in six-month annualised percentage terms,…

Venezuela’s inflation hits more than 40,000% as investors dump its currency ‚like a hot potato’

Venezuela’s inflation hits more than 40,000% as investors dump its currency ‚like a hot potato’

Venezuela’s President Nicolas Maduro gestures as he speaks during a ceremony to mark the opening of the judicial year at the Supreme Court of Justice (TSJ) in Caracas, Venezuela February 14, 2018. REUTERS/Marco Bello Venezuela’s inflation rate has hit a new high, according to university research, with consumer prices in the crisis-ridden country rising by…