Charting the global economy: Inflation picks up in Japan, UK
Inflation accelerated in Japan, the UK and Canada, reinforcing a resurgence in price pressures around the world at the start of the year.
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Food prices were a major driver of higher prices in Japan, where policymakers are expected to raise interest rates further. Traders trimmed bets on future rate cuts in the UK and Canada.
Here are some of the charts that appeared on Bloomberg this week on the latest developments in the global economy, markets and geopolitics:
Asia
Japan’s inflation accelerated more than expected on higher food prices, rising at the fastest pace since the middle of 2023 and keeping the Bank of Japan on track to raise its benchmark interest rate further. The 4% advance in overall consumer prices reaffirms Japan’s status as the Group of Seven country facing the fastest inflation, contrasting sharply with its decades-long reputation as a nation stuck in a deflationary rut.
Thailand’s feed industry is pitching to buy about $2.8 billion worth of agricultural commodities annually from the US instead of other suppliers, as the Southeast Asian nation seeks to narrow its $35 billion trade surplus and head off possible tariffs on its own exports.
South Korea’s exports have lost momentum so far this month, dimming the 2025 outlook for an economy overshadowed by political turmoil and the potential impact of Donald Trump’s tariff plans. South
