Global Datanote: Detailed Inflation, Eurozone, March 2025

In one line: Falling oil prices and a stronger euro are gifts to ECB doves.

Claus Vistesen (Chief Eurozone Economist)Global

Global Datanote: CPI, US, March, 2025

• In one line: Tariffs will snatch defeat from the jaws of victory.

Samuel TombsGlobal

Global Datanote: CPI, Indonesia, March

• In one line: Short-lived, policy-induced deflation is over.

Miguel Chanco (Chief EM Asia Economist)Global

Global Datanote: Economic activity index, Chile, February, 2025

• In one line: A poor headline, but the underlying trend remains positive.

Andrés Abadía (Chief LatAm Economist)Global

Global Datanote: Bi-weekly CPI and IGAE, Mexico, March/January, 2025

• In one line: Weak economic activity curbing inflation.

Andrés Abadía (Chief LatAm Economist)Global

Global Datanote: Economic activity index, Brazil, January, 2025

• In one line: Better, but the overall picture is still one of subpar growth. 

Andrés Abadía (Chief LatAm Economist)Global

Global Datanote: Trade, Indonesia, February

• In one line: February export pop isn’t so black and white.

Miguel Chanco (Chief EM Asia Economist)Global

Global Datanote: Inflation, Brazil, February, 2025

• In one line: Inflation pressures persist despite economic activity slowing.

Andrés Abadía (Chief LatAm Economist)Global

Global Datanote: February CPI & January IP, India

• In one line: Food disinflation strikes again; consumer non-durables IP stages a partial rebound.

Miguel Chanco (Chief EM Asia Economist)Global

Global Datanote: US Employment, February

• In one line: A snapshot of a prior age, before the shift in federal government policies undermined confidence.

Samuel TombsGlobal

Global Datanote: Inflation, Mexico, February, 2025

• In one line: Core pressures subdued as demand cools.

Andrés Abadía (Chief LatAm Economist)Global

Global Datanote: Inflation, Chile, February, 2025

• In one line: Disinflation resumes as temporary shocks subside.

Andrés Abadía (Chief LatAm Economist)Global

Global Datanote: Inflation, Switzerland, February 2025

In one line: A trough, we think. 

Melanie Debono (Senior Eurozone Economist)Global

Global Datanote: Economic activity index, Chile, January, 2025

• In one line: A solid start to the year.

Andrés Abadía (Chief LatAm Economist)Global

Global Datanote: CPI, Indonesia, February

• In one line: A surprising—though likely temporary—dip into outright deflation.

Miguel Chanco (Chief EM Asia Economist)Global

Global Datanote: Manufacturing PMI, ASEAN, February

• In one line: A 7-month high, but no clear signs of US front-loading, yet. 

Miguel Chanco (Chief EM Asia Economist)Global

Global Datanote: Trade, Indonesia, January

• In one line: A very unwelcome leap in the trade surplus.

Miguel Chanco (Chief EM Asia Economist)Global

Global Datanote: BCRP Rate Decision, Peru, February, 2025

• In one line: On hold and maintaining a cautious stance.

Andrés Abadía (Chief LatAm Economist)Global

Global Datanote: US Employment, January

• In one line: Positive near-term revisions offset the subpar January print; a March easing is off the table.

Samuel TombsGlobal

Global Datanote: US CPI, January

• In one line: Seasonals still failing to offset new year price rises; February data will reassure the FOMC.

Samuel TombsGlobal