POLICY COMPASS

Navigating Inflation in Developed Markets: A Comparative Analysis of the US, Eurozone, UK, and Japan

By Klitos Philippides

30 July 2024

In this paper we discuss:

• Headline and core inflation in the most developed countries and regions (US, UK, Eurozone and Japan);
• US: why inflation is so persistent and when the Fed will start cutting rates;
• Eurozone: the persistently high services inflation and the ECB's easing cycle;
• UK: will CPI at 2% be enough for the BoE to start cutting rates in August?; and
• Japan: the BoJ's struggle to keep inflation above 2%.

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Download PDF: Inflation DM Comparative Analysis - July 2024

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