it would seem that theinflation he is disbernating. In China the increase in consumer prices rose towards 4%. In the'euro area the core figure climbed to 1,5%, not seen since March 2013. In Use it's solidly above 2%. But the conditional is a must.
Without the swine fever, which has halved the number of pigs and more than tripled the price of its meat, the dynamics of the cost of living in China would be close to 1% (pork consumption accounts for 2,5% in the Chinese shopping bag ).
In the euro area, the figure appears to be an anomaly if compared with the dynamics of producer prices practiced on the domestic market excluding energy, which are in sharp deceleration: +0,3% on an annual basis in October (-1,9% with energy), from 1% in May; then those of intermediates are down (-1,0% from +0,8%). A sign that weak demand is forcing companies to cut price lists. Too early to claim victory over deflation.
The USA is the economic heaven also for the price trend. Their temperature, like Goldilocks soup, is neither too hot nor too cold. At current rates, or a little lower, it has been traveling since October 2011, alternating cooling and heating without any particular trend.
Le raw material have a flat encephalogram. Symptom of sluggish demand. Now that China is restarting, we can expect some liveliness.
Their, barbaric relic and thermometer of inflationary fears, has retreated from the highs reached in late August and early September, losing a good 6%, but remaining up by almost 16% since the start of 2019. By comparison, the dollar index of world stock exchanges has risen by 20%; since the highs of August 2011 gold is down 19% and equities are up 90%. To paraphrase a great poet-songwriter: nothing comes from gold, investments, income, employment are born from shares...
