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Western inflation re-accelerates in 2023

A continuation of negative real rates have caused a new surge in inflation.

James Van Straten
May. 31, 2023 at 12:39 pm UTC
1 min read
Updated: May. 31, 2023 at 12:40 pm UTC

Quick Take

  • Many Western countries are beginning to see a re-acceleration of inflation as negative real rates (meaning that interest rates are lower than the rate of inflation) continue.
  • Last week, the U.S. PCE index reached 4.4%, exceeding expectations.
  • The U.K. also saw core inflation re-accelerate to forty-year highs.
  • New inflation data for other Western countries, including France, Italy, and Australia, is also troubling.
  • According to PIQ, Australia's CPI came in at 6.8% but was forecasted to come in at 6.4%.
  • According to MacroBond, Italy's CPI year over year came in at 7.6% but was forecasted to come in at 7.4%
  • Lastly, according to MacroBond, France's Core CPI hit new highs at 6.27%.
France CPI: (Source: MacroBond)
France CPI: (Source: MacroBond)
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James Van Straten
James Van Straten
Former Lead Analyst CryptoSlate

James fervently appreciates data, technology, and trend-spotting. As a tech and liberty maximalist, he hails Bitcoin as the 21st century's paramount invention.

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