top of page
  • Writer's pictureEdward Ballsdon

Updated True Core Inflation rates


Report demonstrates that

  • Rental inflation has an important impact on the AUD, CAD, UK, US, SEK and NOK inflation baskets.

  • Whilst there is concern about the “stickiness” of inflation, a true core inflation calculation shows that, excluding food, energy and rental inflation, the underlying trend remains disinflationary

  • The exception is Australia, but here the absolute level is already very low at 1.5%yoy


This will unlikely have any impact on Central Banks monetary policy. Indeed, the stickiness and important contribution of rental inflation in some countries could act as an important headwind to core inflation in these countries and keep Central banks from cutting. These are all countries where real private sector lending is very poor by recent historical standards – tight policy would keep these credit trends weak and act as a continued disinflationary force and a headwind for GDP growth.

6 views0 comments

Recent Posts

See All

Chart Packs: CPI Summaries

RESEARCH CONTENT Individual summaries of data and charts for US CPI UK CPI Japan CPI AUD CPI CAD CPI EUR CPI SEK CPI Each chart pack highlights latest data, Choice and Burden sub-indices, base effects

Sweden - an in-depth analysis

RESEARCH CONTENT A comprehensive research report on the macroeconomic situation in Sweden, which has one of the most indebted private sectors amongst Advanced Economies that is currently undergoing a

Australia Update

RESEARCH CONTENT Updated in-depth analysis on macroeconomic trends in Australia, together with a summary of interesting investment themes in Australian financial markets: An overindebted household sec


bottom of page