Inflation pressures intensified across the global economy this week as surging energy costs from the Iran war continued to feed through to consumer and producer prices, raising the risk of slower growth and tighter monetary policy.
In the US, hotter-than-expected consumer inflation and the biggest monthly increase in producer prices since May bolstered the case for a Federal Reserve rate hike next week.
The energy shock helped revive inflation in China, kept Taiwan’s CPI above its central bank’s alert level and left policymakers with less room to cushion households and businesses. Growth signals were mixed in Europe, where Britain’s gross domestic product again beat forecasts even as German industrial production slumped.
Here are some of the charts that appeared on Bloomberg this week on the latest developments in the global economy, markets and geopolitics:
