Inflation Data Traders Should Be Watching This Week
BlackBull Markets | Oct 17, 2021 04:37PM ET
Inflation data from outside the US should pique traders' interest this week. Several major economies will be reporting on actual inflation figures experienced during September 2021.
Will they match their forecasted values, or will the data follow US inflation and surprisingly creep upward?
h2 Who should be watching the inflation data?/h2Traders of the pound, South African rand, euro, Canadian dollar, and the Japanese yen should circle these dates in their economic calendars.
h2 Why does the Inflation data deserve special attention this week?/h2While inflation data is usually closely watched, the surprising inflation figures released in the US last week mean traders should be extra vigilant with their inflation watching.
Last week, the US inflation rate (September, YoY) surprised the market by beating expectations. Inflation in the US was expected at 5.3%, level with the rate reported in August. However, the actual figure arrived ten basis points higher (5.4%) and returned inflation to the 13-year high seen a month earlier in July 2021.
As it stands, Trading Economics is would still stand (US inflation Jan, YoY, 1991 was 5.7%).
h2 Dates To Watch Out For:/h2United Kingdom, GBP, Inflation Rate YoY September:
Release: Wednesday, 7:00 pm (NZDT)
Forecast for September: 3.2%
South Africa, ZAR, Inflation Rate YoY September:
Release: Wednesday, 9:00 pm (NZDT)
Forecast for September: 4.9%
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European Union Inflation Rate YoY September:
Release: Wednesday, 10:00 pm (NZDT)
Forecast for September: 3.0%
Canada Inflation Rate YoY September:
Release: Thursday, 1:30 am (NZDT)
Forecast for September: 4.1%
Japan, JPY, Inflation Rate YoY September:
Release: Friday, 12:30 pm (NZDT)
Forecast for September: -0.4%
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