Originally Posted by
MickG0105
Out of control?!
The annual inflation rate for the US for the 12 months ending April 2021 was 4.2 percent, for the 12 months ending May it was 5.0 percent, for June 5.4 percent and for July it was similarly 5.4 percent. In other words, after rising steeply earlier in the year as the economy recovered inflation is showing signs of plateauing.
In Europe the annual inflation rate for the 12 months ending April was 2.0 percent, for the 12 months ending June it was 2.2 percent. Neither particularly high nor showing signs of being out of control.
In Australia the annual inflation rate for the 12 months ending June was 3.8 percent, with nearly half of that headline rate coming from the September quarter 2020 bounce back of 1.6 percent (the preceding quarter, June 2020 was -1.9 percent). That 1.6 percent will drop out of the 12 monthly calculation when the next quarter's rates are calculated. With underlying inflation running at around 1.6 percent our September quarter's annual inflation rate will likely be around 3 percent, falling to around 2.8 percent by the end of the year.
Well the OECD doesn’t necessarily agree that there is a guarantee of an inflation slowdown or a plateau likely globally. Highest levels since 2008 is hardly ‘under control’.
https://www.google.com.au/amp/s/amp....ecd/index.html