US Rapid Response US Consumer Prices (Mar 2026) The jump in headline CPI inflation to 3.3% in March, from 2.4%, was as expected due to the surge in energy prices, with the more important development for the Fed being the lack of any major... 10th April 2026 · 3 mins read
Latin America Rapid Response Brazil IPCA (Mar. 2026) The rise in Brazilian inflation, to 4.1% y/y in March, was driven almost entirely by the energy shock feeding through to transport inflation; underlying price pressures eased last month. If the fall... 10th April 2026 · 2 mins read
Japan Economics Weekly Stagflationary impact of energy shock now evident The plunge in consumer confidence coupled with the rather modest rise in import and producer prices last month seems to suggest that the net impact of the energy cost shock will be deflationary. But... 10th April 2026 · 4 mins read
China Rapid Response China Consumer & Producer Prices (Mar. 2026) The Iran War has ended three years of factory-gate deflation in China and pushed CPI inflation to its highest level since early 2023 (after adjusting for Lunar New Year distortions). The big picture... 10th April 2026 · 2 mins read
US Rapid Response US Personal Income & Spending (Feb. 2026) The slightly softer-than-expected 0.10% m/m rise in real consumption in February, together with the downward revision to January’s estimate to show real spending unchanged, puts first-quarter... 9th April 2026 · 2 mins read
Latin America Rapid Response Mexico Consumer Prices (Mar. 2026) The sharp rise in Mexican inflation to 4.6% y/y in March took inflation further above Banxico’s target and means that interest rates are likely to be left unchanged at 6.75% at next month’s meeting... 9th April 2026 · 2 mins read
Canada Economics Weekly Bank still calm about second-round inflation effects The Summary of Deliberations from the Bank of Canada’s March policy meetings gave no indication that policymakers are overly concerned about second‑round inflationary pressures stemming from the... 2nd April 2026 · 5 mins read
Global Economics Update The indirect inflation effects of higher energy prices Beyond their direct effects on consumer prices of fuels and piped gas, higher crude oil and natural gas prices will prompt firms to pass on higher fuel costs to consumers, boosting the prices of non... 2nd April 2026 · 7 mins read
US Economics Weekly Iran war hits home at gasoline price surpasses $4 The consequences of the Iran war became even more conspicuous for consumers this week, with the national average gasoline price rising above $4 a gallon for the first time since 2022. Thankfully, the... 2nd April 2026 · 8 mins read
Emerging Europe Economics Weekly Policymakers look to cushion the energy price shock The policy support measures announced by governments in Central and Eastern Europe to cushion households from higher energy prices should help to limit the rise in inflation over the coming months... 2nd April 2026 · 8 mins read
UK Economics Weekly Limited pricing power conducive of short-lived inflation hump The combination of limited corporate pricing power, due to the weak economic backdrop, and the softening labour market supports our view that the inevitable jump in CPI inflation in the coming months... 2nd April 2026 · 6 mins read
Latin America Economics Weekly Drama at Colombia’s central bank The decision by Colombia’s central bank to hike its policy rate by 100bp, to 11.25%, at Tuesday’s meeting has been overshadowed by Finance Minister Germán Ávila's withdrawal from the MPC due to... 2nd April 2026 · 6 mins read
Africa Economics Weekly SA trade & budget data, SSA activity holds up Trade and budget data released this week suggest that South Africa headed into the energy price shock in decent shape. But we are concerned about the risks that a longer war could pose to the fiscal... 2nd April 2026 · 7 mins read
Europe Economics Weekly Italy’s borrowing costs in the spotlight again The rise in energy prices and the slight loss of popularity of Giorgia Meloni’s government have caused Italy’s bond yields to rise more than France's since the start of the Iran conflict. We now think... 2nd April 2026 · 8 mins read
Global Economics Chart Pack Global Economics Chart pack - Iran Conflict Edition (April 2026) The impact of the surge in energy prices on the global economy will depend on the extent of any disruption to energy flows, which remains highly uncertain. Europe and Asia are more exposed than the US... 2nd April 2026 · 1 min read
Australia & New Zealand Economics Weekly Albanese enters crisis management mode We are sending this Australia & New Zealand Economics Weekly one day earlier than usual because our Singapore office is closed on Good Friday, 3rd April. The Australian government's decision to slash... 2nd April 2026 · 4 mins read
