Global inflation index lowest in 3 months – DB

FXStreet (Barcelona) - Daniel Brehon, Strategist at Deutsche Bank, uses their proprietary Macro Pulse Index to note that the downward surprise from UK pushed the global inflation index lower.

Key Quotes

“Negative surprises from US increased over the past week while positive surprises from UK fell during the same period.”

“On the other hand, negative surprises from Europe and Canada declined and positive surprise from Japan rose marginally. Elsewhere, in Australia, Sweden, Switzerland and Norway it has been a quite week in terms of data.”

“Our Global Inflation Pulse Index declined, driven by negative surprises from UK, reaching lowest since end of Feb-15.”