⚠️Inflation shock around the world!

Our real-time data shows a significant increase in inflation in India, the US, and the UK.

India 🇮🇳

→ Inflation has risen from 2.92 to 3.44 since May 20.

→ In recent months, the Food & Confectionery category has seen a decline.

While Utilities have seen a significant increase.

It is important to be aware of the climatic volatility, monsoon rains provide almost 70% of the rainfall required to water crops and replenish reservoirs and aquifers in India.

With almost half of the country's agricultural land not irrigated, the country relies on the June to September rains to grow a variety of crops.

UK 🇬🇧

→ In the UK, we saw the biggest shock, a 1.5 percentage point increase in inflation.

It was a major anticlimax for inflation, which was converging towards the target and creating the expectation of a reduction in interest rates.

The drivers of the increase were:
• Household & daily items
• Clothing
• Education/ Culture

US 🇺🇸

→ In the US, we saw a longer trajectory in the increase in inflation, which reached 1.22% in April and is currently at 2.08%.

The items that showed the greatest increase in inflation were:
• Housing
• Utilities
• Household & daily items

All with more than 1 percentage point increase and showing an initial impact of tariffs.

Argentina 🇦🇷

In turn, the South American country continues to see a downward trend in inflation in recent months after consecutive fiscal adjustments.

And although prices have also increased slightly in recent days, they have been smaller when considering the country's current inflation.

Despite the recent shock, the downward trend continues.