Core Inflation MoM by Country

Why compare Core Inflation MoM across countries?

Central banks set policy off the underlying trend, not the noisy headline. A series of soft core MoM prints gives the central bank confidence to cut; a string of hot prints keeps rates higher for longer. The currency follows that reaction function.

How to read the country list

Annualise the monthly figure and compare to the 2 percent target. Look at services-vs-goods split: in advanced economies since 2023 the divergence (sticky services, falling goods) has been the dominant inflation story.