Accessible Version
Disinflation Progress: A Comparison of Advanced Economies, Accessible Data
Figure 1. 12-month Inflation in Selected Advanced Economies
Headline
Percent change
| Period | Euro area | Canada | United Kingdom | United States |
|---|---|---|---|---|
| 1/16/2019 | 1.388341867 | 1.442672741 | 1.847948959 | 1.497050366 |
| 2/13/2019 | 1.493417174 | 1.509433962 | 1.869283664 | 1.425810523 |
| 3/16/2019 | 1.399280925 | 1.881113619 | 1.90760088 | 1.509002797 |
| 4/15/2019 | 1.722802942 | 2.025506377 | 2.117626967 | 1.577147574 |
| 5/16/2019 | 1.221506204 | 2.3988006 | 2.020602968 | 1.456724968 |
| 6/15/2019 | 1.268133346 | 2.020958084 | 2.00546257 | 1.411363436 |
| 7/16/2019 | 1.020702937 | 2.010424423 | 2.061095406 | 1.440222446 |
| 8/16/2019 | 1.009518316 | 1.937406855 | 1.724267398 | 1.421610833 |
| 9/15/2019 | 0.833173722 | 1.869857891 | 1.714955462 | 1.304458201 |
| 10/16/2019 | 0.726022163 | 1.864280388 | 1.464374385 | 1.331448901 |
| 11/15/2019 | 0.960614793 | 2.172284644 | 1.474217552 | 1.33196921 |
| 12/16/2019 | 1.32628544 | 2.248875562 | 1.30207118 | 1.539420259 |
| 1/16/2020 | 1.359619307 | 2.395209581 | 1.769270564 | 1.697918492 |
| 2/14/2020 | 1.219748306 | 2.156133829 | 1.709529739 | 1.642005794 |
| 3/16/2020 | 0.747484427 | 0.886262925 | 1.52330754 | 1.146949231 |
| 4/15/2020 | 0.313986679 | -0.220588235 | 0.767422631 | 0.411140455 |
| 5/16/2020 | 0.085518814 | -0.366032211 | 0.479860674 | 0.448629938 |
| 6/15/2020 | 0.265629447 | 0.660308144 | 0.603151955 | 0.705525326 |
| 7/16/2020 | 0.390811171 | 0.145985401 | 1.04030607 | 0.900509613 |
| 8/16/2020 | -0.171330668 | 0.14619883 | 0.219607843 | 1.165337012 |
| 9/15/2020 | -0.313420078 | 0.513950073 | 0.531900183 | 1.247180832 |
| 10/16/2020 | -0.275037936 | 0.65885798 | 0.697150455 | 1.118688739 |
| 11/15/2020 | -0.285442436 | 0.953079179 | 0.315065086 | 1.153879439 |
| 12/16/2020 | -0.265579057 | 0.73313783 | 0.588766447 | 1.366487026 |
| 1/16/2021 | 0.910223244 | 1.023391813 | 0.700580428 | 1.615003159 |
| 2/13/2021 | 0.937260903 | 1.091703057 | 0.414215889 | 1.88520435 |
| 3/16/2021 | 1.331684581 | 2.196193265 | 0.714325165 | 2.713022122 |
| 4/15/2021 | 1.621929242 | 3.389830508 | 1.525922238 | 3.724613665 |
| 5/16/2021 | 1.984240008 | 3.600293902 | 2.114948463 | 4.155356627 |
| 6/15/2021 | 1.901788249 | 3.06122449 | 2.514182568 | 4.372402806 |
| 7/16/2021 | 2.164830991 | 3.717201166 | 2.039936922 | 4.533149673 |
| 8/16/2021 | 2.955758963 | 4.087591241 | 3.196670748 | 4.644842613 |
| 9/15/2021 | 3.363185976 | 4.38276114 | 3.080068955 | 4.805422283 |
| 10/16/2021 | 4.051355207 | 4.654545455 | 4.206211659 | 5.406947985 |
| 11/15/2021 | 4.866412214 | 4.720406681 | 5.129900543 | 5.985912146 |
| 12/16/2021 | 4.964336662 | 4.80349345 | 5.386045745 | 6.180290804 |
| 1/16/2022 | 5.10824155 | 5.13748191 | 5.455513336 | 6.297046493 |
| 2/13/2022 | 5.874549934 | 5.687544996 | 6.176608091 | 6.547004375 |
| 3/16/2022 | 7.443912513 | 6.661891117 | 7.023124029 | 6.892944539 |
| 4/15/2022 | 7.438865036 | 6.771204562 | 9.010661678 | 6.61979157 |
| 5/16/2022 | 8.052504189 | 7.730496454 | 9.082701336 | 6.689955363 |
| 6/15/2022 | 8.644382544 | 8.132956153 | 9.412113481 | 7.116914165 |
| 7/16/2022 | 8.866171004 | 7.589599438 | 10.10090119 | 6.616947291 |
| 8/16/2022 | 9.140581589 | 7.012622721 | 9.870187804 | 6.515400036 |
| 9/15/2022 | 9.927182229 | 6.857942617 | 10.09562781 | 6.556096498 |
| 10/16/2022 | 10.62060141 | 6.879777623 | 11.05156635 | 6.347917118 |
| 11/15/2022 | 10.05459509 | 6.796116505 | 10.67201272 | 5.928570147 |
| 12/16/2022 | 9.196339585 | 6.319444444 | 10.52837437 | 5.441910192 |
| 1/16/2023 | 8.64498645 | 5.918788713 | 10.05152396 | 5.479087823 |
| 2/13/2023 | 8.501879363 | 5.245231608 | 10.41639687 | 5.189610207 |
| 3/16/2023 | 6.884501136 | 4.298186702 | 10.05687738 | 4.442269717 |
| 4/15/2023 | 6.958561376 | 4.405874499 | 8.658235863 | 4.446419082 |
| 5/16/2023 | 6.099767382 | 3.357472021 | 8.680682006 | 3.962025536 |
| 6/15/2023 | 5.52089565 | 2.812295618 | 7.949684295 | 3.198420533 |
| 7/16/2023 | 5.309885607 | 3.265839321 | 6.827214193 | 3.314708482 |
| 8/16/2023 | 5.243954179 | 3.997378768 | 6.657030565 | 3.347591753 |
| 9/15/2023 | 4.335066242 | 3.798297315 | 6.652176723 | 3.369589307 |
| 10/16/2023 | 2.900107411 | 3.120936281 | 4.599877971 | 2.942074982 |
| 11/15/2023 | 2.397684994 | 3.116883117 | 3.940991681 | 2.702702703 |
| 12/16/2023 | 2.928974444 | 3.396472894 | 3.993268535 | 2.619393653 |
| 1/16/2024 | 2.768770267 | 2.85899935 | 3.981114617 | 2.48296376 |
| 2/14/2024 | 2.581656219 | 2.783171521 | 3.41147218 | 2.49694269 |
| 3/16/2024 | 2.427660618 | 2.897617514 | 3.228059285 | 2.720655902 |
| 4/15/2024 | 2.371669916 | 2.685421995 | 2.333070099 | 2.679889568 |
| 5/16/2024 | 2.565976451 | 2.866242038 | 1.989977762 | 2.562906182 |
| 6/15/2024 | 2.518830485 | 2.671755725 | 1.97531052 |
Core
Percent change
| Period | Euro area | Canada | United Kingdom | United States |
|---|---|---|---|---|
| 1/16/2019 | 1.122479388 | 1.901743265 | 1.893699806 | 1.852346867 |
| 2/13/2019 | 0.989413278 | 1.966955153 | 1.839461695 | 1.740152967 |
| 3/16/2019 | 0.769755432 | 1.880877743 | 1.838763377 | 1.607193918 |
| 4/15/2019 | 1.29076087 | 2.039215686 | 1.77962247 | 1.645636897 |
| 5/16/2019 | 0.782533089 | 2.429467085 | 1.682220039 | 1.57300059 |
| 6/15/2019 | 1.1201236 | 2.34741784 | 1.775903318 | 1.682503534 |
| 7/16/2019 | 0.872262066 | 2.178988327 | 1.944357671 | 1.666568633 |
| 8/16/2019 | 0.948325914 | 2.178988327 | 1.51638921 | 1.759527917 |
| 9/15/2019 | 1.012926876 | 2.107728337 | 1.669967802 | 1.647668901 |
| 10/16/2019 | 1.07018897 | 2.01863354 | 1.718603341 | 1.643123693 |
| 11/15/2019 | 1.311698407 | 2.024922118 | 1.689964141 | 1.472366317 |
| 12/16/2019 | 1.29656507 | 1.789883268 | 1.367203905 | 1.5028958 |
| 1/16/2020 | 1.090373281 | 1.866251944 | 1.588570569 | 1.552324112 |
| 2/14/2020 | 1.214852552 | 1.929012346 | 1.679893685 | 1.65599899 |
| 3/16/2020 | 1.034616128 | 1.692307692 | 1.608473911 | 1.49152345 |
| 4/15/2020 | 0.85273546 | 1.306687164 | 1.429156658 | 0.932470903 |
| 5/16/2020 | 0.90107362 | 0.612088753 | 1.205725804 | 0.950851704 |
| 6/15/2020 | 0.83078686 | 0.993883792 | 1.442017338 | 0.908423918 |
| 7/16/2020 | 1.181783244 | 0.456968774 | 1.823702562 | 1.163867086 |
| 8/16/2020 | 0.373849693 | 0.456968774 | 0.858321464 | 1.365943879 |
| 9/15/2020 | 0.210104097 | 0.840978593 | 1.271374229 | 1.444811289 |
| 10/16/2020 | 0.228942097 | 0.837138508 | 1.455186351 | 1.366676918 |
| 11/15/2020 | 0.249352642 | 1.297709924 | 1.109453836 | 1.427939961 |
| 12/16/2020 | 0.229248257 | 1.070336391 | 1.404923677 | 1.553524679 |
| 1/16/2021 | 1.408998154 | 1.374045802 | 1.436890687 | 1.715242881 |
| 2/13/2021 | 1.113154583 | 0.757002271 | 0.876232202 | 1.753229382 |
| 3/16/2021 | 0.937888793 | 0.907715582 | 1.118771833 | 2.255560018 |
| 4/15/2021 | 0.741022231 | 1.820940819 | 1.254807648 | 3.220545488 |
| 5/16/2021 | 0.950028501 | 2.357414449 | 2.00640655 | 3.64397685 |
| 6/15/2021 | 0.890235818 | 2.195306586 | 2.317295451 | 3.949218862 |
| 7/16/2021 | 0.712183079 | 2.805155421 | 1.848491204 | 4.009989229 |
| 8/16/2021 | 1.566230541 | 3.032600455 | 3.1216184 | 4.018854118 |
| 9/15/2021 | 1.877442104 | 3.260045489 | 2.901034781 | 4.07439036 |
| 10/16/2021 | 2.046254878 | 3.245283019 | 3.383417616 | 4.500805916 |
| 11/15/2021 | 2.611690424 | 3.089675961 | 3.976615642 | 4.951114143 |
| 12/16/2021 | 2.620794816 | 3.403933434 | 4.195416909 | 5.238009802 |
| 1/16/2022 | 2.270985052 | 3.539156627 | 4.372826593 | 5.369493822 |
| 2/13/2022 | 2.718744017 | 3.906836965 | 5.191653209 | 5.574700232 |
| 3/16/2022 | 2.958187162 | 4.647676162 | 5.711064847 | 5.549581561 |
| 4/15/2022 | 3.479818936 | 4.619970194 | 6.188127788 | 5.254939867 |
| 5/16/2022 | 3.754940711 | 5.200594354 | 5.90622385 | 5.074560633 |
| 6/15/2022 | 3.72664977 | 5.333333333 | 5.816004082 | 5.192582026 |
| 7/16/2022 | 4.026023006 | 5.530973451 | 6.158447047 | 4.961510264 |
| 8/16/2022 | 4.297132111 | 5.298013245 | 6.259670965 | 5.20747684 |
| 9/15/2022 | 4.752104771 | 5.43318649 | 6.535125413 | 5.47208344 |
| 10/16/2022 | 5.017720575 | 5.33625731 | 6.489073442 | 5.325857173 |
| 11/15/2022 | 4.978556778 | 5.409356725 | 6.31261823 | 5.090360902 |
| 12/16/2022 | 5.182020802 | 5.340160936 | 6.350368144 | 4.865136479 |
| 1/16/2023 | 5.293731847 | 4.945454545 | 5.803907165 | 4.901181535 |
| 2/13/2023 | 5.610438024 | 4.844540853 | 6.196601584 | 4.844533779 |
| 3/16/2023 | 5.663504927 | 4.512893983 | 6.187703713 | 4.782955351 |
| 4/15/2023 | 5.59555272 | 4.415954416 | 6.773438967 | 4.762998022 |
| 5/16/2023 | 5.342403628 | 3.95480226 | 7.123983653 | 4.687829943 |
| 6/15/2023 | 5.475113122 | 3.516174402 | 6.885437287 | 4.280077342 |
| 7/16/2023 | 5.483549352 | 3.424178896 | 6.901030684 | 4.189149074 |
| 8/16/2023 | 5.283086909 | 3.633822502 | 6.227351472 | 3.726184894 |
| 9/15/2023 | 4.527594213 | 3.203342618 | 6.061059687 | 3.592483101 |
| 10/16/2023 | 4.18294849 | 3.400416378 | 5.660751462 | 3.383669145 |
| 11/15/2023 | 3.561278863 | 3.536754508 | 5.08682615 | 3.182524889 |
| 12/16/2023 | 3.425746071 | 3.402777778 | 5.13629325 | 2.940924804 |
| 1/16/2024 | 3.265705642 | 3.118503119 | 5.053268425 | 2.938847788 |
| 2/14/2024 | 3.097423226 | 2.827586207 | 4.47836776 | 2.83416608 |
| 3/16/2024 | 2.945790483 | 2.87868403 | 4.237329316 | 2.832286374 |
| 4/15/2024 | 2.658151377 | 2.660300136 | 3.855502607 | 2.783162792 |
| 5/16/2024 | 2.867229206 | 2.85326087 | 3.485716099 | 2.572614805 |
| 6/15/2024 | 2.865722866 | 2.85326087 | 3.51972773 |
Note: Inflation rates are the PCE for the U.S. and CPI for foreign economies. Data extend through May for the U.S. and June for all other economies.
Source: Haver Analytics; FRB staff calculations.
Figure 2. 6-month Inflation in Selected Advanced Economies
Headline
6-month annualized percent change
| Period | Euro area | Canada | United Kingdom | United States |
|---|---|---|---|---|
| 1/16/2019 | 0.353640035 | 0.899545696 | 1.8214788 | 1.133046429 |
| 2/13/2019 | 0.217553675 | 1.198491177 | 1.38472844 | 1.283837626 |
| 3/16/2019 | 0.196869815 | 2.103623864 | 1.514993823 | 1.249755258 |
| 4/15/2019 | 0.50067944 | 2.097321212 | 1.883168053 | 1.518465274 |
| 5/16/2019 | 0.902848982 | 3.007351303 | 1.672849505 | 1.557218931 |
| 6/15/2019 | 1.395871385 | 2.396918691 | 1.594025726 | 1.501195819 |
| 7/16/2019 | 1.678254815 | 3.151777314 | 2.241064005 | 1.748331463 |
| 8/16/2019 | 1.824497274 | 2.540055743 | 2.119421492 | 1.559571448 |
| 9/15/2019 | 1.576662093 | 1.633838539 | 1.900736303 | 1.359190698 |
| 10/16/2019 | 0.986120998 | 1.628999487 | 0.977174521 | 1.144777048 |
| 11/15/2019 | 1.006178781 | 1.179930796 | 1.237408218 | 1.107219083 |
| 12/16/2019 | 1.389818597 | 2.070950971 | 1.088617801 | 1.577659093 |
| 1/16/2020 | 0.980593768 | 1.619406868 | 1.330426037 | 1.647530499 |
| 2/14/2020 | 0.470229284 | 1.915241957 | 1.455112592 | 1.724507051 |
| 3/16/2020 | -0.133380761 | 0 | 1.279930435 | 0.935152189 |
| 4/15/2020 | -0.415624723 | -1.602888442 | 0.504430894 | -0.317174828 |
| 5/16/2020 | -0.789140195 | -2.036310318 | -0.391182713 | -0.205669308 |
| 6/15/2020 | -0.798621683 | -1.161936398 | -0.025516248 | -0.159120403 |
| 7/16/2020 | -0.161171452 | -1.449256198 | 0.685859124 | 0.15897868 |
| 8/16/2020 | -0.822711513 | -1.302917681 | -0.937466391 | 0.609240678 |
| 9/15/2020 | -0.392874493 | 1.177326137 | -0.204117542 | 1.560174073 |
| 10/16/2020 | -0.128349515 | 2.821992934 | 0.819963202 | 2.575234948 |
| 11/15/2020 | 0.182923557 | 3.877345749 | 0.987197353 | 2.531950007 |
| 12/16/2020 | 0.382964623 | 2.951871084 | 1.296095923 | 2.915406328 |
| 1/16/2021 | 1.93410778 | 3.845804989 | 0.815700119 | 3.092194061 |
| 2/13/2021 | 2.589162746 | 3.837291816 | 1.972009969 | 3.177350266 |
| 3/16/2021 | 3.022179699 | 3.531738242 | 1.723311085 | 3.878956588 |
| 4/15/2021 | 3.38603654 | 3.521375207 | 2.187878515 | 4.886871431 |
| 5/16/2021 | 3.864307303 | 3.361111111 | 3.119672112 | 5.804466933 |
| 6/15/2021 | 3.496864898 | 3.202126966 | 3.539783794 | 5.85002631 |
| 7/16/2021 | 2.438974609 | 3.334313583 | 3.199396019 | 5.994246026 |
| 8/16/2021 | 3.309440967 | 4.203966991 | 4.541794384 | 6.133207117 |
| 9/15/2021 | 3.780028655 | 5.227887617 | 4.444910671 | 5.740150852 |
| 10/16/2021 | 4.689151123 | 5.800119661 | 6.191373654 | 5.929603314 |
| 11/15/2021 | 5.847895698 | 6.076785871 | 7.182081146 | 6.167668521 |
| 12/16/2021 | 6.545323065 | 6.498879347 | 7.341121184 | 6.511585762 |
| 1/16/2022 | 7.812745506 | 7.050779335 | 7.884675228 | 6.600711989 |
| 2/13/2022 | 8.368211275 | 7.150868006 | 8.034318262 | 6.962414965 |
| 3/16/2022 | 11.19201415 | 8.27049641 | 9.743296583 | 8.058306141 |
| 4/15/2022 | 10.23639016 | 7.790281742 | 11.82347279 | 7.314476773 |
| 5/16/2022 | 10.35076732 | 9.488344249 | 10.86515544 | 7.214811571 |
| 6/15/2022 | 10.88143651 | 9.729953555 | 11.3003452 | 7.72568278 |
| 7/16/2022 | 9.981406729 | 8.370519289 | 12.33048825 | 6.633185066 |
| 8/16/2022 | 9.877140869 | 6.763747915 | 11.81063511 | 6.070253263 |
| 9/15/2022 | 8.713176983 | 5.307017524 | 10.45856543 | 5.074770337 |
| 10/16/2022 | 10.96789239 | 5.976964529 | 10.2476882 | 5.390063069 |
| 11/15/2022 | 9.727783413 | 4.142564948 | 10.48664213 | 4.657759586 |
| 12/16/2022 | 7.594394612 | 2.913754879 | 9.80021237 | 3.206553332 |
| 1/16/2023 | 7.286505286 | 3.443457702 | 7.941258603 | 4.337481443 |
| 2/13/2023 | 7.079560384 | 3.847080317 | 9.186842709 | 4.316278646 |
| 3/16/2023 | 5.067695919 | 3.432094789 | 9.694707227 | 3.813576452 |
| 4/15/2023 | 3.099752945 | 2.881319532 | 7.033095734 | 3.511224316 |
| 5/16/2023 | 2.605800038 | 2.47789759 | 6.788224572 | 3.270916522 |
| 6/15/2023 | 3.556026581 | 2.740492992 | 5.978249159 | 3.190288375 |
| 7/16/2023 | 3.394871191 | 3.122779394 | 5.714794604 | 2.301961301 |
| 8/16/2023 | 3.425490642 | 4.168937409 | 4.22280161 | 2.387900141 |
| 9/15/2023 | 3.619866661 | 4.16080725 | 3.727929103 | 2.927500995 |
| 10/16/2023 | 2.670199179 | 3.361111111 | 2.206856793 | 2.376055076 |
| 11/15/2023 | 2.147955999 | 3.617280449 | 1.161821513 | 2.137615291 |
| 12/16/2023 | 2.338417594 | 4.003481466 | 2.049758235 | 2.051657374 |
| 1/16/2024 | 2.143773937 | 2.559077633 | 2.346211792 | 2.664286465 |
| 2/14/2024 | 1.736038568 | 1.521855118 | 2.688383738 | 2.606101369 |
| 3/16/2024 | 1.242941904 | 1.646062886 | 2.771120667 | 2.51422649 |
| 4/15/2024 | 2.069493271 | 2.027831801 | 2.402662516 | 2.984625789 |
| 5/16/2024 | 2.986578152 | 2.022704798 | 2.748762365 | 2.989967943 |
| 6/15/2024 | 2.743300216 | 1.510362516 | 1.834922734 |
Core
6-month annualized percent change
| Period | Euro area | Canada | United Kingdom | United States |
|---|---|---|---|---|
| 1/16/2019 | 0.621420421 | 1.726135254 | 2.242021777 | 1.717011065 |
| 2/13/2019 | 0.43769765 | 2.038363906 | 1.6086973 | 1.857274114 |
| 3/16/2019 | 0.516928149 | 2.353783699 | 1.814407799 | 1.658401916 |
| 4/15/2019 | 0.916323742 | 2.348256597 | 1.867482656 | 1.781894458 |
| 5/16/2019 | 1.109472308 | 2.659250445 | 1.606686047 | 1.615348315 |
| 6/15/2019 | 1.362651995 | 1.86476171 | 1.471315699 | 1.663551092 |
| 7/16/2019 | 1.127264437 | 2.650957202 | 1.585167072 | 1.616151217 |
| 8/16/2019 | 1.542056577 | 2.330018932 | 1.431042747 | 1.661875521 |
| 9/15/2019 | 1.667889376 | 2.170479411 | 1.559382054 | 1.636937018 |
| 10/16/2019 | 1.332147664 | 2.165443787 | 1.442643731 | 1.504542131 |
| 11/15/2019 | 1.531537676 | 1.07650128 | 1.73363025 | 1.329585507 |
| 12/16/2019 | 1.274259761 | 1.384066587 | 1.362722508 | 1.342494386 |
| 1/16/2020 | 0.868469211 | 1.073200441 | 1.598443066 | 1.488537099 |
| 2/14/2020 | 0.630596423 | 1.532544724 | 2.033767856 | 1.650122798 |
| 3/16/2020 | 0.398131283 | 1.22416611 | 1.654968075 | 1.346317927 |
| 4/15/2020 | 0.397628154 | 0.457142261 | 1.436244276 | 0.36362382 |
| 5/16/2020 | 0.236272351 | 0.458189549 | 0.682881291 | 0.573533472 |
| 6/15/2020 | 0.432488983 | 0.609754685 | 1.451636671 | 0.476212663 |
| 7/16/2020 | 1.556279846 | 0 | 1.974813487 | 0.840235719 |
| 8/16/2020 | 0.250337976 | -0.454028926 | -0.297070365 | 1.082559426 |
| 9/15/2020 | 0.152668161 | 0.151687502 | 0.909169686 | 1.543400371 |
| 10/16/2020 | 0.137722386 | 0.91323727 | 1.314600745 | 2.379754719 |
| 11/15/2020 | 0.239014934 | 2.142249837 | 1.573710269 | 2.289604925 |
| 12/16/2020 | 0.094257892 | 1.676161287 | 1.394628229 | 2.6423877 |
| 1/16/2021 | 1.024181542 | 2.910610244 | 1.015085606 | 2.597842623 |
| 2/13/2021 | 1.697698175 | 2.444524007 | 2.240794627 | 2.428349147 |
| 3/16/2021 | 1.714955815 | 2.132460973 | 1.398202455 | 2.97271429 |
| 4/15/2021 | 1.376309716 | 2.586428037 | 1.107984987 | 4.068241226 |
| 5/16/2021 | 1.655442975 | 2.424154449 | 2.382236993 | 5.016281422 |
| 6/15/2021 | 1.834064619 | 2.727147654 | 3.11719913 | 5.272688449 |
| 7/16/2021 | 0.495299391 | 2.716857463 | 2.583965626 | 5.441572482 |
| 8/16/2021 | 1.50687448 | 3.633316431 | 4.036120312 | 5.634056413 |
| 9/15/2021 | 2.083305795 | 4.088941286 | 4.426480448 | 5.187852951 |
| 10/16/2021 | 2.764386123 | 3.76615059 | 5.61737902 | 4.935168583 |
| 11/15/2021 | 3.53340098 | 3.603316327 | 5.635895206 | 4.885987303 |
| 12/16/2021 | 3.472458148 | 4.049087058 | 5.347968707 | 5.203342578 |
| 1/16/2022 | 3.906296507 | 4.487106544 | 6.360989484 | 5.297464435 |
| 2/13/2022 | 3.758156198 | 4.470392609 | 6.537491577 | 5.515377403 |
| 3/16/2022 | 3.817075664 | 5.209410248 | 7.08378615 | 5.912554112 |
| 4/15/2022 | 4.240009073 | 5.645265601 | 6.616622024 | 5.575685596 |
| 5/16/2022 | 3.963857021 | 6.68715374 | 6.0672107 | 5.263472997 |
| 6/15/2022 | 4.134433988 | 6.657481741 | 6.165684809 | 5.181822574 |
| 7/16/2022 | 4.202900402 | 6.468948503 | 5.869540757 | 4.626627963 |
| 8/16/2022 | 4.860654498 | 5.999420928 | 6.023028638 | 4.900474751 |
| 9/15/2022 | 5.688146366 | 5.665439939 | 5.950275436 | 5.033444603 |
| 10/16/2022 | 5.775863384 | 5.051541626 | 6.327322999 | 5.076619929 |
| 11/15/2022 | 5.998375575 | 4.146863945 | 6.633343681 | 4.9175335 |
| 12/16/2022 | 6.307970718 | 3.98537715 | 6.554174741 | 4.549403876 |
| 1/16/2023 | 6.312869119 | 3.394384787 | 5.884825784 | 5.17645557 |
| 2/13/2023 | 6.256306079 | 3.817262199 | 6.500592795 | 4.78862264 |
| 3/16/2023 | 5.611437989 | 3.514671782 | 6.530817995 | 4.533063478 |
| 4/15/2023 | 5.438066429 | 3.790469687 | 7.078241237 | 4.450312182 |
| 5/16/2023 | 4.72976593 | 3.638612576 | 7.489402395 | 4.458629293 |
| 6/15/2023 | 4.727276724 | 3.204255976 | 7.135626904 | 4.011444613 |
| 7/16/2023 | 4.68573532 | 3.478002378 | 7.852339043 | 3.211110565 |
| 8/16/2023 | 4.293822548 | 3.465948678 | 6.001730618 | 2.674519061 |
| 9/15/2023 | 3.438364345 | 3.036404579 | 5.566449295 | 2.660365992 |
| 10/16/2023 | 2.908231611 | 3.025964193 | 4.278315186 | 2.32791863 |
| 11/15/2023 | 2.418175189 | 3.296483009 | 2.774409752 | 1.922009838 |
| 12/16/2023 | 2.167380807 | 3.430283678 | 3.19528747 | 1.881423135 |
| 1/16/2024 | 1.857922936 | 2.867727664 | 2.401612717 | 2.667303218 |
| 2/14/2024 | 1.882405466 | 2.447224251 | 3.0228884 | 2.994061331 |
| 3/16/2024 | 2.438307897 | 2.580539119 | 2.962740675 | 3.004494662 |
| 4/15/2024 | 2.424339057 | 2.299552861 | 3.363800887 | 3.240432279 |
| 5/16/2024 | 3.340677459 | 2.291802931 | 4.133863423 | 3.227372819 |
| 6/15/2024 | 3.572913014 | 2.287177996 | 3.811247643 |
Note: Inflation rates are the PCE for the U.S. and CPI for foreign economies. Data extend through May for the U.S. and June for all other economies.
Source: Haver Analytics; FRB staff calculations.
Figure 3. 6-month Inflation Components
Core Goods
6-month annualized percent change
| Period | Euro area | Canada | United Kingdom | United States |
|---|---|---|---|---|
| 1/16/2019 | 0.881441309 | 0.416480287 | 2.511548954 | -0.321143063 |
| 2/13/2019 | 1.565380771 | 0.21796199 | 1.646393377 | 0.084730372 |
| 3/16/2019 | 2.040963982 | -0.039545229 | 1.564513409 | -0.165350889 |
| 4/15/2019 | 1.973668768 | 0.158227823 | 0.98230253 | -0.472967211 |
| 5/16/2019 | 2.53266368 | 0.257158294 | 0.319010863 | -0.356317564 |
| 6/15/2019 | 1.619406868 | 0.217617028 | 0.358708361 | 0.282728187 |
| 7/16/2019 | 2.014323844 | -6.66134E-14 | 0.218807434 | -0.710976748 |
| 8/16/2019 | 0.988797245 | 0.237529608 | -0.396274625 | -0.237759336 |
| 9/15/2019 | 1.844710868 | 0.733142639 | -0.21796199 | -0.268343864 |
| 10/16/2019 | 0.965152211 | 0.573716613 | 0.657794609 | -0.15748188 |
| 11/15/2019 | 1.566783053 | 0.672399965 | 1.056980244 | -0.673039166 |
| 12/16/2019 | 1.353949775 | 0.791605857 | 0.537339199 | -1.331624636 |
| 1/16/2020 | 2.091547935 | 0.455242125 | 1.035334065 | -0.892497413 |
| 2/14/2020 | 2.069877914 | 0.395569234 | 1.496014735 | -0.648904014 |
| 3/16/2020 | 0.441013798 | 0.414262021 | 0.934992677 | -0.980129208 |
| 4/15/2020 | -0.80328641 | 0.216802104 | 0.89458329 | -2.349041117 |
| 5/16/2020 | -2.299975343 | -0.078693682 | -0.257056594 | -2.447621538 |
| 6/15/2020 | -0.459022058 | -0.334168522 | 1.392325365 | -2.068676461 |
| 7/16/2020 | -1.008029322 | 2.540841685 | 1.805966987 | -1.023663097 |
| 8/16/2020 | -1.101815302 | -0.963944603 | 1.008546545 | -0.190267951 |
| 9/15/2020 | -0.362785514 | -0.824253183 | 1.447316999 | 0.056894957 |
| 10/16/2020 | 1.487112038 | -0.255641211 | 2.303797334 | 1.301086307 |
| 11/15/2020 | 3.354556304 | -0.177086885 | 1.870978552 | 2.125308471 |
| 12/16/2020 | 1.870289688 | -0.531364373 | 1.73978548 | 2.276098458 |
| 1/16/2021 | 2.429295444 | 0.136405694 | 1.079852772 | 1.730133707 |
| 2/13/2021 | 2.563874977 | 2.57256283 | 0.058889924 | 0.225125802 |
| 3/16/2021 | 2.059123278 | 1.566115842 | 0.274779066 | 0.965056711 |
| 4/15/2021 | 3.021239857 | 1.324423431 | 0.019524577 | 3.542779688 |
| 5/16/2021 | 3.14458333 | 1.661856999 | 2.409076367 | 5.224530415 |
| 6/15/2021 | 3.548715969 | 2.985802024 | 3.603316327 | 6.361963534 |
| 7/16/2021 | 4.035364566 | 1.014825663 | 3.377942387 | 6.328766577 |
| 8/16/2021 | 4.765117583 | 2.24292091 | 6.235763759 | 7.766334275 |
| 9/15/2021 | 4.929961044 | 2.801758666 | 6.305369206 | 7.491017936 |
| 10/16/2021 | 4.106039833 | 2.878118247 | 6.908938903 | 6.935034528 |
| 11/15/2021 | 3.91545131 | 3.349522661 | 7.325661407 | 5.957179778 |
| 12/16/2021 | 4.382218728 | 3.159301614 | 6.664875034 | 6.088926991 |
| 1/16/2022 | 4.031289517 | 2.965692997 | 7.749211777 | 7.512359944 |
| 2/13/2022 | 3.673526652 | 3.53298763 | 7.818948127 | 7.518588287 |
| 3/16/2022 | 5.989024963 | 3.961560833 | 8.850216184 | 7.438796479 |
| 4/15/2022 | 6.007950212 | 4.783786981 | 8.028088955 | 5.703474803 |
| 5/16/2022 | 6.839187158 | 5.119151075 | 6.66043709 | 5.401813879 |
| 6/15/2022 | 7.070921848 | 5.518363405 | 5.666109779 | 5.242386911 |
| 7/16/2022 | 6.735149667 | 5.906452812 | 5.271613915 | 3.391481107 |
| 8/16/2022 | 6.565340694 | 6.43285905 | 5.04887637 | 3.613470681 |
| 9/15/2022 | 5.205766976 | 7.135840067 | 4.827471356 | 4.012029079 |
| 10/16/2022 | 5.133660724 | 7.448300649 | 5.169589037 | 3.541965273 |
| 11/15/2022 | 3.877211918 | 7.484103857 | 5.587174446 | 2.306099591 |
| 12/16/2022 | 3.314693188 | 7.681530607 | 5.417300575 | 1.018251207 |
| 1/16/2023 | 2.695870649 | 7.383640595 | 5.89372396 | 1.794707889 |
| 2/13/2023 | 2.975395681 | 6.84127928 | 6.413958588 | 0.812873063 |
| 3/16/2023 | 2.805209965 | 6.002125877 | 6.504749222 | 0.915022476 |
| 4/15/2023 | 3.045198665 | 4.933447629 | 8.572302545 | 1.378297536 |
| 5/16/2023 | 2.598434455 | 4.110102221 | 8.519196809 | 2.588853531 |
| 6/15/2023 | 2.572636119 | 3.372995876 | 8.017355769 | 2.300679568 |
| 7/16/2023 | 2.483942817 | 2.720964207 | 6.733835005 | 0.439061208 |
| 8/16/2023 | 2.756085487 | 2.494184414 | 5.305248866 | 0.128871897 |
| 9/15/2023 | 1.927289971 | 2.181623926 | 4.565867025 | -0.606773025 |
| 10/16/2023 | 0.482466776 | 2.07007986 | 1.79292054 | -0.797859419 |
| 11/15/2023 | 1.105250221 | 1.887422755 | -0.101591595 | -2.171448501 |
| 12/16/2023 | 1.811010598 | 1.883733269 | 0.848028769 | -2.413505026 |
| 1/16/2024 | 0.56752111 | 1.257793567 | 1.187738805 | -1.565945727 |
| 2/14/2024 | -1.039839516 | 0.58213769 | 1.050395166 | -0.895539791 |
| 3/16/2024 | -1.16049875 | 0 | 0.793614179 | -0.51496535 |
| 4/15/2024 | -0.188768245 | -0.351154149 | 1.064316532 | -0.366018776 |
| 5/16/2024 | -0.973895356 | -0.526038015 | 1.941041057 | -0.0535631 |
| 6/15/2024 | -2.855185034 | -0.594924314 | 0.6921855 |
Services ex. Housing
6-month annualized percent change
| Period | Euro area | Canada | United Kingdom | United States |
|---|---|---|---|---|
| 1/16/2019 | 0.577946595 | 0.352801123 | 3.024313984 | 2.004216041 |
| 2/13/2019 | 0.635233353 | 0.352720013 | 2.219276848 | 2.05369409 |
| 3/16/2019 | 2.601731221 | 0.924788472 | 2.516704871 | 1.738593972 |
| 4/15/2019 | 1.135762713 | 1.283905276 | 3.4971412 | 2.01565374 |
| 5/16/2019 | 2.444817704 | 1.789833552 | 2.916408075 | 1.73122464 |
| 6/15/2019 | 1.813929109 | 2.225873873 | 2.485250658 | 1.493424053 |
| 7/16/2019 | 4.231922524 | 1.937407714 | 2.837123462 | 1.906054078 |
| 8/16/2019 | 4.698353145 | 2.375585662 | 3.171448341 | 1.832986489 |
| 9/15/2019 | 1.227819157 | 2.149889419 | 3.324483942 | 1.813216349 |
| 10/16/2019 | 2.205285875 | 1.89315393 | 2.359362384 | 1.657856965 |
| 11/15/2019 | -0.239990205 | 2.063504216 | 2.699596587 | 1.553901011 |
| 12/16/2019 | 0.172471524 | 1.509489202 | 2.423672288 | 1.921565523 |
| 1/16/2020 | -1.817637727 | 1.005476794 | 2.419885138 | 1.912744261 |
| 2/14/2020 | -0.663516718 | 0.728402829 | 2.603640175 | 2.106054084 |
| 3/16/2020 | 2.523496654 | 0.383237812 | 2.59125208 | 1.705356764 |
| 4/15/2020 | 0.956463413 | 0.275525946 | 2.066433909 | 0.402671135 |
| 5/16/2020 | 1.358470913 | 0.427946789 | 1.718265822 | 0.822967657 |
| 6/15/2020 | 1.101982202 | 0.914543462 | 1.553978359 | 0.553605462 |
| 7/16/2020 | 0.295464923 | 0.907577759 | 2.163690672 | 0.829824726 |
| 8/16/2020 | -1.153099238 | 0.575382975 | -1.489776392 | 0.916425237 |
| 9/15/2020 | -1.090564072 | 0.362740842 | 0.34491984 | 1.790800465 |
| 10/16/2020 | -0.283576083 | 0.205003104 | 0.420752907 | 2.842574673 |
| 11/15/2020 | 1.48252543 | 0.207850779 | 1.138951286 | 2.389147227 |
| 12/16/2020 | 0.342417202 | 0.122111198 | 1.512783816 | 2.998363496 |
| 1/16/2021 | 2.917464147 | 2.086460567 | 1.570572713 | 3.189072393 |
| 2/13/2021 | 2.338768372 | 1.685085418 | 4.950566334 | 3.607386284 |
| 3/16/2021 | 2.013580769 | 1.718523903 | 2.954138228 | 4.262764284 |
| 4/15/2021 | 2.31903046 | 1.558754743 | 2.925333287 | 5.011538223 |
| 5/16/2021 | -0.055748049 | 1.636028032 | 2.820312008 | 5.798951245 |
| 6/15/2021 | -0.26627496 | 1.076529753 | 3.173735351 | 5.508978535 |
| 7/16/2021 | -1.701573509 | -0.634581795 | 1.923833775 | 5.716023284 |
| 8/16/2021 | -0.284690088 | 0.53344636 | 2.394180435 | 5.206332075 |
| 9/15/2021 | 0.895597006 | 1.801114466 | 3.00800311 | 4.229503807 |
| 10/16/2021 | 1.301743072 | 2.726447746 | 4.626981196 | 3.798168594 |
| 11/15/2021 | 2.283621278 | 4.383954057 | 4.971286687 | 4.090275235 |
| 12/16/2021 | 3.008993368 | 4.327007217 | 4.793128673 | 4.568549298 |
| 1/16/2022 | 4.327690755 | 5.700843074 | 5.314379411 | 3.878992241 |
| 2/13/2022 | 3.741848205 | 4.809127308 | 5.301178838 | 4.224803461 |
| 3/16/2022 | 2.649658201 | 4.377803772 | 5.894364493 | 5.123605294 |
| 4/15/2022 | 1.946245549 | 4.131121994 | 5.756121242 | 5.378437886 |
| 5/16/2022 | 3.926996904 | 3.267627562 | 5.718539317 | 4.750535483 |
| 6/15/2022 | 4.887433329 | 3.194565672 | 6.636185314 | 4.464582246 |
| 7/16/2022 | 5.328116293 | 2.530495034 | 7.218254301 | 4.219981839 |
| 8/16/2022 | 5.677374693 | 3.509904312 | 7.816198607 | 4.401854402 |
| 9/15/2022 | 6.481997021 | 5.095630223 | 7.357617837 | 4.074853608 |
| 10/16/2022 | 5.534689269 | 5.363361066 | 7.517761507 | 4.190843845 |
| 11/15/2022 | 4.402196022 | 5.763267142 | 7.821643373 | 4.549383057 |
| 12/16/2022 | 3.287472176 | 6.484295019 | 8.301402077 | 4.530790157 |
| 1/16/2023 | 1.50894797 | 6.687963585 | 5.666417082 | 5.338187467 |
| 2/13/2023 | 1.697181004 | 6.906039717 | 6.909313318 | 5.152748352 |
| 3/16/2023 | 1.661733864 | 5.782391976 | 7.275975578 | 4.843031353 |
| 4/15/2023 | 1.951545263 | 5.900281442 | 7.168817534 | 4.618908985 |
| 5/16/2023 | 1.236658923 | 5.05622239 | 7.785639544 | 4.082201911 |
| 6/15/2023 | 1.05839612 | 5.496505059 | 6.959796514 | 3.583488394 |
| 7/16/2023 | 2.222360839 | 5.668648217 | 9.957888525 | 3.261628826 |
| 8/16/2023 | 0.981818108 | 5.120239756 | 7.012583116 | 2.640557732 |
| 9/15/2023 | -0.689802833 | 4.244590362 | 6.964019053 | 3.002810375 |
| 10/16/2023 | 0.944860561 | 3.836052284 | 6.15151487 | 2.535332129 |
| 11/15/2023 | 2.028708653 | 3.223937808 | 4.719885685 | 2.513993154 |
| 12/16/2023 | 0.710752846 | 2.881180735 | 5.948813219 | 2.59304042 |
| 1/16/2024 | -0.196431388 | 2.649733846 | 3.386238662 | 3.603185396 |
| 2/14/2024 | 0.7141103 | 3.305572078 | 4.965151944 | 3.941676572 |
| 3/16/2024 | 3.160030449 | 3.605402679 | 4.610179195 | 3.872049393 |
| 4/15/2024 | 1.319200808 | 4.405631688 | 5.159657044 | 4.293144891 |
| 5/16/2024 | 2.230791589 | 5.525231529 | 6.201976979 | 4.16320869 |
| 6/15/2024 | 4.528474484 | 5.848411241 | 4.815576417 |
Housing
6-month annualized percent change
| Period | Euro area | Canada | United Kingdom | United States |
|---|---|---|---|---|
| 1/16/2019 | 2.858645666 | 1.416118121 | 1.080343276 | 3.291496877 |
| 2/13/2019 | 2.910989181 | 1.489629579 | 0.963478395 | 3.283612174 |
| 3/16/2019 | 2.880853565 | 1.42360509 | 0.981093535 | 3.53052722 |
| 4/15/2019 | 3.006661105 | 1.481039642 | 1.019273188 | 3.682443179 |
| 5/16/2019 | 2.803468815 | 1.469664787 | 1.173010499 | 3.50125631 |
| 6/15/2019 | 2.532556177 | 1.446444274 | 1.24920713 | 3.648041981 |
| 7/16/2019 | 2.064490968 | 1.619065983 | 1.016828802 | 3.638387127 |
| 8/16/2019 | 2.059934604 | 1.595481552 | 1.151180082 | 3.548550576 |
| 9/15/2019 | 1.987192444 | 1.648405799 | 0.937928542 | 3.421260226 |
| 10/16/2019 | 2.518465929 | 1.559808516 | 1.052473257 | 3.087743064 |
| 11/15/2019 | 2.514915769 | 1.578964282 | 1.108660172 | 3.131863384 |
| 12/16/2019 | 2.795806661 | 1.640577955 | 1.069102751 | 3.01761687 |
| 1/16/2020 | 2.642339736 | 1.492035179 | 1.126536534 | 3.150065932 |
| 2/14/2020 | 2.715621085 | 1.25134526 | 1.163723693 | 3.127011508 |
| 3/16/2020 | 2.721726078 | 1.242581272 | 1.430665217 | 3.107062188 |
| 4/15/2020 | 2.094767367 | 1.104859778 | 1.085137933 | 3.125498109 |
| 5/16/2020 | 1.388448022 | 1.009548622 | 0.969161519 | 3.055421346 |
| 6/15/2020 | 1.173919844 | 0.952222681 | 1.04437934 | 2.710910673 |
| 7/16/2020 | 0.850801393 | 0.897865653 | 1.444161832 | 2.482401371 |
| 8/16/2020 | 0.97017237 | 1.093678563 | 1.4425172 | 2.266755151 |
| 9/15/2020 | 1.056563215 | 1.063601889 | 1.211536515 | 1.900343468 |
| 10/16/2020 | 1.685502834 | 1.095038024 | 1.4973966 | 1.889121247 |
| 11/15/2020 | 2.566693237 | 1.24473998 | 1.495978851 | 1.543192726 |
| 12/16/2020 | 2.429776667 | 1.280624138 | 1.456039088 | 1.670277492 |
| 1/16/2021 | 2.897278961 | 1.556147948 | 1.263482829 | 1.582530849 |
| 2/13/2021 | 2.533218309 | 1.503674296 | 1.280951438 | 1.812687705 |
| 3/16/2021 | 2.803833668 | 1.543789179 | 1.39305551 | 2.113047457 |
| 4/15/2021 | 2.771332559 | 1.738243659 | 1.146661057 | 2.178335747 |
| 5/16/2021 | 3.724689737 | 1.662512026 | 1.315157317 | 2.647253426 |
| 6/15/2021 | 5.363466398 | 1.638732489 | 1.332505368 | 2.932425303 |
| 7/16/2021 | 5.829956063 | 1.421099685 | 1.067658086 | 3.156105064 |
| 8/16/2021 | 6.178082914 | 1.679510637 | 1.066359797 | 3.204870521 |
| 9/15/2021 | 6.19951185 | 1.84093523 | 1.195915749 | 3.572973846 |
| 10/16/2021 | 5.790557145 | 1.890480827 | 1.797212005 | 3.982121733 |
| 11/15/2021 | 5.006518917 | 1.956792438 | 2.056982153 | 4.26201925 |
| 12/16/2021 | 4.757809994 | 2.02930843 | 2.674904162 | 4.489584046 |
| 1/16/2022 | 4.909148403 | 2.28191595 | 3.902440742 | 4.890912438 |
| 2/13/2022 | 5.33524313 | 2.301294576 | 4.068019704 | 5.336471735 |
| 3/16/2022 | 6.390094874 | 2.387862563 | 4.210463321 | 5.422848896 |
| 4/15/2022 | 7.913175563 | 2.696925119 | 4.690300903 | 5.559896246 |
| 5/16/2022 | 7.974460001 | 2.987455016 | 4.61936788 | 5.924479246 |
| 6/15/2022 | 7.325792115 | 3.204747941 | 4.430933208 | 6.54106815 |
| 7/16/2022 | 6.990175712 | 3.440592617 | 4.162387626 | 6.919827029 |
| 8/16/2022 | 6.437266544 | 3.526786696 | 4.525652303 | 7.385599773 |
| 9/15/2022 | 5.6084201 | 3.584303811 | 4.79117685 | 8.117669897 |
| 10/16/2022 | 4.632361893 | 3.765345258 | 4.878454476 | 8.446767921 |
| 11/15/2022 | 5.118679622 | 3.758079211 | 5.141872205 | 8.640131007 |
| 12/16/2022 | 5.382481157 | 3.666847195 | 5.198198791 | 8.855851744 |
| 1/16/2023 | 5.78161824 | 4.062182168 | 4.862575106 | 8.939264347 |
| 2/13/2023 | 6.093673501 | 4.317567133 | 4.680263102 | 8.958965426 |
| 3/16/2023 | 5.718863066 | 4.316970702 | 4.769782152 | 8.291794112 |
| 4/15/2023 | 6.07917893 | 3.932022662 | 6.265294916 | 8.087564648 |
| 5/16/2023 | 5.792762428 | 3.919633136 | 5.950783191 | 7.735720377 |
| 6/15/2023 | 5.560388365 | 3.985706594 | 5.929131976 | 7.014420157 |
| 7/16/2023 | 5.75818146 | 3.404042808 | 7.930824474 | 6.554548843 |
| 8/16/2023 | 6.587700751 | 3.245603032 | 7.87149971 | 5.901509819 |
| 9/15/2023 | 7.221467617 | 3.161593984 | 7.78146242 | 6.02442273 |
| 10/16/2023 | 7.999838162 | 3.202830782 | 5.863776136 | 5.765419859 |
| 11/15/2023 | 8.082622168 | 3.131752305 | 6.323468462 | 5.678864582 |
| 12/16/2023 | 8.320830791 | 3.126543327 | 6.388748059 | 5.609704397 |
| 1/16/2024 | 8.208438829 | 3.285142826 | 4.911110653 | 5.706194726 |
| 2/14/2024 | 7.495207638 | 3.221343885 | 5.602598275 | 5.791321816 |
| 3/16/2024 | 7.209446518 | 3.295597083 | 5.991077107 | 5.555336791 |
| 4/15/2024 | 5.881664623 | 3.233997967 | 7.619286304 | 5.510936499 |
| 5/16/2024 | 5.71249109 | 3.08294224 | 7.446111973 | 5.395125303 |
| 6/15/2024 | 5.474923334 | 3.102660142 | 7.725069347 |
Note: Inflation rates are annualized. Data are the PCE for the U.S. and CPI for foreign economies. Data extend through May for the U.S. and June for all other economies.
Source: Haver Analytics; FRB staff calculations.
Figure 4. Wage Growth in Selected Foreign Economies
Left Panel (a): Nominal Wage Growth
Year-over-year percent change
| Period | United Kingdom | Canada |
|---|---|---|
| 1/16/2019 | 3.394255875 | 2.069781195 |
| 2/16/2019 | 3.517915309 | 1.865267716 |
| 3/16/2019 | 3.255208333 | 1.744714122 |
| 4/16/2019 | 3.179753407 | 1.716583998 |
| 5/16/2019 | 3.367875648 | 1.67127586 |
| 6/16/2019 | 3.935483871 | 2.037395956 |
| 7/16/2019 | 4.048843188 | 2.608303608 |
| 8/16/2019 | 3.838771593 | 3.082740626 |
| 9/16/2019 | 3.828972559 | 3.236430007 |
| 10/16/2019 | 3.299492386 | 3.250010719 |
| 11/16/2019 | 3.166561115 | 3.19196157 |
| 12/16/2019 | 2.714646465 | 3.022068079 |
| 1/16/2020 | 2.904040404 | 3.008163613 |
| 2/16/2020 | 2.831969792 | 3.138723126 |
| 3/16/2020 | 2.206809584 | 4.755582733 |
| 4/16/2020 | 0.880503145 | 7.701540766 |
| 5/16/2020 | -0.37593985 | 10.45064013 |
| 6/16/2020 | -1.117318436 | 10.48478639 |
| 7/16/2020 | -0.864731316 | 8.61365986 |
| 8/16/2020 | 0.123228589 | 6.819802515 |
| 9/16/2020 | 1.47510756 | 5.924027929 |
| 10/16/2020 | 2.764127764 | 5.599690787 |
| 11/16/2020 | 3.683241252 | 5.271358337 |
| 12/16/2020 | 4.54824831 | 5.416593748 |
| 1/16/2021 | 4.785276074 | 5.948991395 |
| 2/16/2021 | 4.467564259 | 5.96752308 |
| 3/16/2021 | 4.194941394 | 4.343659475 |
| 4/16/2021 | 5.673316708 | 1.202228937 |
| 5/16/2021 | 7.48427673 | -1.200561209 |
| 6/16/2021 | 8.851224105 | -1.598217203 |
| 7/16/2021 | 8.348909657 | -0.433100026 |
| 8/16/2021 | 7.2 | 0.909350614 |
| 9/16/2021 | 6.056935191 | 1.996274749 |
| 10/16/2021 | 5.080693365 | 2.334663307 |
| 11/16/2021 | 4.262877442 | 2.707398204 |
| 12/16/2021 | 4.526748971 | 2.868716382 |
| 1/16/2022 | 4.742388759 | 3.018478584 |
| 2/16/2022 | 5.565319274 | 3.171606626 |
| 3/16/2022 | 6.986382475 | 3.315014644 |
| 4/16/2022 | 6.902654867 | 3.461820059 |
| 5/16/2022 | 6.37799883 | 3.641255175 |
| 6/16/2022 | 5.132641292 | 4.272097935 |
| 7/16/2022 | 5.405405405 | 4.896556875 |
| 8/16/2022 | 5.970149254 | 5.338097381 |
| 9/16/2022 | 5.882352941 | 5.267729561 |
| 10/16/2022 | 6.200227531 | 5.563388816 |
| 11/16/2022 | 6.700738217 | 5.885022515 |
| 12/16/2022 | 6.355455568 | 5.762876978 |
| 1/16/2023 | 6.260480715 | 5.151436632 |
| 2/16/2023 | 6.048834628 | 4.953776736 |
| 3/16/2023 | 6.308799115 | 5.138874411 |
| 4/16/2023 | 6.843267108 | 5.666166861 |
| 5/16/2023 | 7.260726073 | 5.507313407 |
| 6/16/2023 | 8.447613823 | 4.942589415 |
| 7/16/2023 | 8.565193672 | 4.629537331 |
| 8/16/2023 | 8.288190683 | 4.554687367 |
| 9/16/2023 | 7.982740022 | 4.79882395 |
| 10/16/2023 | 7.17728977 | 4.723595858 |
| 11/16/2023 | 6.599254923 | 4.570199217 |
| 12/16/2023 | 5.764145955 | 4.708940689 |
| 1/16/2024 | 5.628616518 | 4.856979104 |
| 2/16/2024 | 5.756148613 | 4.869160144 |
| 3/16/2024 | 5.934409162 | 4.767347388 |
| 4/16/2024 | 5.888429752 | 4.667643781 |
| 5/16/2024 | 4.78394047 | |
| 6/16/2024 | 4.825176546 |
Left Panel (b): Nominal Wage Growth
Year-over-year percent change
| Period | Euro area | United States |
|---|---|---|
| 2/14/2019 | 2.22 | 2.954545455 |
| 5/16/2019 | 1.97 | 3.009781791 |
| 8/16/2019 | 2.52 | 2.985074627 |
| 11/16/2019 | 1.96 | 2.96956199 |
| 2/15/2020 | 1.92 | 3.311258278 |
| 5/16/2020 | 1.67 | 2.92184076 |
| 8/16/2020 | 1.61 | 2.68115942 |
| 11/16/2020 | 1.86 | 2.811824081 |
| 2/14/2021 | 1.32 | 2.991452991 |
| 5/16/2021 | 1.62 | 3.54861604 |
| 8/16/2021 | 1.13 | 4.587155963 |
| 11/16/2021 | 1.36 | 4.978962132 |
| 2/14/2022 | 3 | 4.979253112 |
| 5/16/2022 | 2.61 | 5.688827964 |
| 8/16/2022 | 3.02 | 5.195681511 |
| 11/16/2022 | 3.09 | 5.143620574 |
| 2/14/2023 | 4.34 | 5.072463768 |
| 5/16/2023 | 4.4 | 4.604409857 |
| 8/16/2023 | 4.72 | 4.490057729 |
| 11/16/2023 | 4.49 | 4.256670902 |
| 2/15/2024 | 4.72 | 4.263322884 |
Note: Note: Data are the negotiated wage growth tracker for the euro area, the Employment Cost Index for the U.S., and 3-month moving averages of average weekly earnings for the U.K. and Canada. Latest values are 2024:Q1 for the U.S. and Euro area, April for the U.K., and June for Canada.
Source: Haver Analytics; Office for National Statistics.
Right Panel: Real Compensation Per Employee
2019:Q4 = 100
| Date | United States | Euro area | United Kingdom | Canada |
|---|---|---|---|---|
| 2/14/2019 | 100.518958 | 100.2260786 | 99.76293071 | 98.541013 |
| 5/16/2019 | 100.18453 | 100.3563094 | 100.7192306 | 98.36032332 |
| 8/16/2019 | 99.78142344 | 100.4136581 | 100.7116047 | 99.04469256 |
| 11/16/2019 | 100 | 100 | 100 | 100 |
| 2/15/2020 | 101.8078663 | 100.0147696 | 99.69854642 | 100.4732433 |
| 5/16/2020 | 110.415088 | 96.5465608 | 98.52823912 | 105.3022592 |
| 8/16/2020 | 107.4655685 | 101.0054442 | 101.5530049 | 103.2058928 |
| 11/16/2020 | 107.8115847 | 101.4182629 | 104.5124943 | 102.8392461 |
| 2/14/2021 | 107.4222857 | 100.763948 | 103.6332231 | 103.9310325 |
| 5/16/2021 | 107.2830382 | 101.0331914 | 104.8902497 | 104.1074966 |
| 8/16/2021 | 106.8318994 | 101.7291211 | 104.0708734 | 103.674726 |
| 11/16/2021 | 105.9586523 | 100.5181863 | 102.6411193 | 102.6061383 |
| 2/14/2022 | 103.4041919 | 98.19481574 | 102.9506687 | 103.1591532 |
| 5/16/2022 | 101.5458242 | 97.14809442 | 100.5149744 | 101.6543697 |
| 8/16/2022 | 102.2513903 | 96.28007462 | 100.6242126 | 101.6163744 |
| 11/16/2022 | 101.6140752 | 96.4200245 | 99.22022376 | 101.0150284 |
| 2/14/2023 | 101.7999508 | 96.74982506 | 99.12881098 | 101.4514884 |
| 5/16/2023 | 102.1117584 | 96.82837841 | 100.2000702 | 102.502537 |
| 8/16/2023 | 102.4537283 | 97.1622241 | 100.8085497 | 102.1873321 |
| 11/16/2023 | 102.315172 | 98.27392046 | 101.2304886 | 101.9975493 |
| 2/15/2024 | 102.9014047 | 99.23151635 | 101.9873935 | 102.8334436 |
Note: Data extend through 2024:Q1. Real compensation per employee is computed as total compensation of all employees divided by the product of employment and CPI.
Source: Haver Analytics; Office for National Statistics.
Figure 5. Diffusion Indices
Diffusion index for 12-month headline inflation
Weighted share of prices rising more than 3 percent
| Date | Canada | Euro area | U.K. | U.S. |
|---|---|---|---|---|
| Jan-19 | 28.63213274 | 11.282 | 27.1 | 30.19241714 |
| Feb-19 | 22.71347633 | 11.241 | 30.1 | 30.6247406 |
| Mar-19 | 22.81464994 | 15.542 | 28.5 | 33.86276245 |
| Apr-19 | 27.7519223 | 19.619 | 32.8 | 35.54396057 |
| May-19 | 37.50505868 | 12.672 | 33.4 | 32.04295731 |
| Jun-19 | 30.6859571 | 12.309 | 29.9 | 34.5860672 |
| Jul-19 | 28.12626467 | 5.022 | 34.2 | 38.19252396 |
| Aug-19 | 34.43949818 | 5.629 | 24.1 | 32.30105591 |
| Sep-19 | 34.69243221 | 3.886 | 25.6 | 33.31150055 |
| Oct-19 | 35.15783084 | 7.061 | 23.6 | 33.25498581 |
| Nov-19 | 31.91015783 | 10.38 | 23.8 | 29.80378914 |
| Dec-19 | 34.51031971 | 9.927 | 19.4 | 36.14677048 |
| Jan-20 | 28.24767301 | 14.51029021 | 22.2 | 30.10936928 |
| Feb-20 | 28.01497369 | 9.443188864 | 27.6 | 33.24920654 |
| Mar-20 | 20.85188183 | 8.588171763 | 24.1 | 32.23789215 |
| Apr-20 | 22.78429786 | 11.33722674 | 27 | 38.05908585 |
| May-20 | 23.50263051 | 11.17322346 | 16.2 | 44.34394073 |
| Jun-20 | 18.67664913 | 9.829196584 | 18 | 31.93714333 |
| Jul-20 | 22.89558883 | 15.40130803 | 29 | 33.14132309 |
| Aug-20 | 14.1238365 | 9.688193764 | 21.3 | 29.79232407 |
| Sep-20 | 13.65843788 | 6.390127803 | 20 | 28.58167076 |
| Oct-20 | 23.0878187 | 8.185163703 | 16.1 | 29.38780403 |
| Nov-20 | 22.6426548 | 8.185163703 | 16.1 | 30.18592644 |
| Dec-20 | 23.64427357 | 6.455129103 | 16.3 | 34.21257019 |
| Jan-21 | 20.52812626 | 15.63415634 | 19 | 38.44054794 |
| Feb-21 | 26.26467017 | 8.040080401 | 19.9 | 37.51441956 |
| Mar-21 | 35.62322946 | 17.06317063 | 22.4 | 42.21543503 |
| Apr-21 | 37.18130312 | 18.22818228 | 24.1 | 44.05043793 |
| May-21 | 43.85876163 | 17.49217492 | 30.8 | 48.19252396 |
| Jun-21 | 44.39947384 | 17.56217562 | 35.6 | 40.45698929 |
| Jul-21 | 47.31356875 | 19.70119701 | 25.6 | 45.87696075 |
| Aug-21 | 53.16199535 | 32.02332023 | 35.8 | 45.94663239 |
| Sep-21 | 50.21754528 | 28.09428094 | 36 | 45.2630806 |
| Oct-21 | 55.48922392 | 30.05130051 | 45.8 | 63.12740326 |
| Nov-21 | 60.03237883 | 28.12328123 | 59.6 | 67.42467499 |
| Dec-21 | 60.29545685 | 38.6503865 | 64 | 67.75715637 |
| Jan-22 | 69.20975412 | 48.46303074 | 69 | 76.90553284 |
| Feb-22 | 69.50318729 | 52.28395432 | 71.9 | 71.00986481 |
| Mar-22 | 67.84377213 | 56.33687326 | 72.1 | 70.06422424 |
| Apr-22 | 72.73095214 | 59.699806 | 75.7 | 68.8195343 |
| May-22 | 77.40072934 | 63.72372553 | 75.7 | 70.57589722 |
| Jun-22 | 78.30226904 | 63.57372853 | 84.7 | 78.82750702 |
| Jul-22 | 77.92747164 | 64.01571969 | 92.3 | 79.47898865 |
| Aug-22 | 82.24270665 | 64.45171097 | 87.7 | 81.61592102 |
| Sep-22 | 82.69854133 | 69.95260095 | 83.6 | 78.8180542 |
| Oct-22 | 86.57820097 | 69.88460231 | 90.1 | 77.20289612 |
| Nov-22 | 85.67666126 | 72.09455811 | 87.8 | 76.798172 |
| Dec-22 | 80.27755267 | 76.33147337 | 86 | 71.81695557 |
| Jan-23 | 75.80024311 | 82.27570897 | 86.5 | 64.29725647 |
| Feb-23 | 75.61790924 | 85.47458102 | 87.2 | 60.97840118 |
| Mar-23 | 68.1726094 | 80.35478581 | 86.6 | 61.71126556 |
| Apr-23 | 66.14667747 | 79.99780009 | 86.7 | 69.03212738 |
| May-23 | 66.95918367 | 80.42178313 | 91.8 | 69.49420929 |
| Jun-23 | 61.5 | 77.1849126 | 92 | 62.32569885 |
| Jul-23 | 55.81632653 | 74.61901524 | 85.2 | 59.99095535 |
| Aug-23 | 60.03061224 | 74.0600376 | 84.2 | 57.3440094 |
| Sep-23 | 59.70408163 | 71.60613575 | 83.5 | 51.80004883 |
| Oct-23 | 55.68367347 | 68.51025959 | 79.2 | 54.47065735 |
| Nov-23 | 53.60204082 | 61.61653534 | 73.5 | 60.2168808 |
| Dec-23 | 52.78571429 | 58.00667973 | 75.8 | 52.04114914 |
| Jan-24 | 49.74489796 | 51.58396832 | 76.11389239 | 57.10490799 |
| Feb-24 | 48.25510204 | 45.23809524 | 74.45075343 | 55.40184402 |
| Mar-24 | 48.74489796 | 41.0551789 | 73.21395554 | 58.24581909 |
| Apr-24 | 47.10204082 | 37.47825043 | 63.03405284 | 50.96153641 |
| May-24 | 49.84678243 | 45.100098 | 58.56594044 | 57.95632172 |
| Jun-24 | 40.8784474 | 38.43823124 | 52.08440146 |
Diffusion index for 12-month core inflation
Weighted share of prices rising more than 3 percent
| Date | Canada | Euro area | U.K. | U.S. |
|---|---|---|---|---|
| Jan-19 | 25.3953611 | 1.930032779 | 27.72898369 | 32.40047455 |
| Feb-19 | 22.64101212 | 1.872103538 | 29.16145181 | 33.45951462 |
| Mar-19 | 20.62467053 | 1.872103538 | 27.53441802 | 37.20746994 |
| Apr-19 | 27.70163416 | 7.882615576 | 28.0350438 | 39.2347908 |
| May-19 | 39.7469689 | 1.872103538 | 28.66082603 | 35.21580124 |
| Jun-19 | 30.45598313 | 4.673900757 | 28.0350438 | 38.71124649 |
| Jul-19 | 26.84501845 | 1.014468181 | 32.91614518 | 42.83145142 |
| Aug-19 | 34.89720611 | 1.872103538 | 20.77596996 | 36.14806366 |
| Sep-19 | 34.71270427 | 1.872103538 | 24.40550688 | 37.03644562 |
| Oct-19 | 33.82973115 | 2.147620662 | 23.40425532 | 36.62159729 |
| Nov-19 | 31.66842383 | 6.837063411 | 23.9048811 | 33.07817459 |
| Dec-19 | 31.89246178 | 6.197015938 | 20.90112641 | 37.33551025 |
| Jan-20 | 24.01159726 | 3.662332906 | 20.40050063 | 30.06862068 |
| Feb-20 | 24.27517132 | 3.662332906 | 29.86198243 | 33.38480377 |
| Mar-20 | 21.04638904 | 2.457988816 | 26.85069009 | 34.66279984 |
| Apr-20 | 22.00843437 | 2.514332399 | 31.99498118 | 35.56053925 |
| May-20 | 22.23247232 | 3.662332906 | 16.43663739 | 43.27804565 |
| Jun-20 | 16.93463363 | 4.206048484 | 21.07904642 | 29.14304161 |
| Jul-20 | 23.55034265 | 12.05470962 | 32.99874529 | 30.59710884 |
| Aug-20 | 14.97100685 | 4.007437353 | 23.08657465 | 26.86098289 |
| Sep-20 | 14.14074855 | 4.007437353 | 22.45922208 | 26.03858948 |
| Oct-20 | 24.44649446 | 4.098995676 | 16.5621079 | 26.49956322 |
| Nov-20 | 24.94728519 | 4.098995676 | 17.56587202 | 27.37692261 |
| Dec-20 | 26.25197681 | 4.098995676 | 17.06398996 | 30.40161514 |
| Jan-21 | 23.04955192 | 12.67400547 | 21.32822478 | 37.91955566 |
| Feb-21 | 23.56352135 | 7.996971285 | 22.40717029 | 38.16141891 |
| Mar-21 | 35.33210332 | 8.543013571 | 22.27912932 | 41.94894791 |
| Apr-21 | 38.28413284 | 9.648203157 | 21.8950064 | 44.64853287 |
| May-21 | 45.0975224 | 8.576504164 | 33.41869398 | 49.14520264 |
| Jun-21 | 45.54925491 | 7.985322383 | 36.61971831 | 40.44911957 |
| Jul-21 | 47.51417645 | 14.32669346 | 23.94366197 | 44.64650345 |
| Aug-21 | 50.21759198 | 29.41930223 | 38.92445583 | 44.78065491 |
| Sep-21 | 46.39324805 | 19.98805988 | 38.41229193 | 42.5317955 |
| Oct-21 | 49.38678623 | 25.68728522 | 49.42381562 | 60.41503143 |
| Nov-21 | 51.97151523 | 26.33962374 | 60.9475032 | 64.8128891 |
| Dec-21 | 51.2857708 | 26.64977576 | 59.5390525 | 65.1800766 |
| Jan-22 | 61.32137676 | 34.44393888 | 66.23376623 | 75.90556335 |
| Feb-22 | 60.92575498 | 40.05225228 | 66.88396349 | 67.6572113 |
| Mar-22 | 59.13226955 | 45.04117069 | 67.14471969 | 66.45950317 |
| Apr-22 | 64.88197283 | 47.68460759 | 71.83833116 | 65.03147125 |
| May-22 | 70.58979809 | 50.92248756 | 71.83833116 | 66.98879242 |
| Jun-22 | 71.94473964 | 50.70232347 | 83.57235984 | 76.39704132 |
| Jul-22 | 74.09670563 | 51.35107367 | 91.52542373 | 77.23220825 |
| Aug-22 | 79.6360255 | 51.37455784 | 85.52803129 | 80.13438416 |
| Sep-22 | 80.32678002 | 59.4487091 | 81.22555411 | 76.96376038 |
| Oct-22 | 83.40860786 | 59.34890138 | 88.65710561 | 74.65345001 |
| Nov-22 | 84.51115834 | 62.59265239 | 85.65840939 | 74.93644714 |
| Dec-22 | 77.16524973 | 65.25957347 | 83.31160365 | 71.53115082 |
| Jan-23 | 76.71360255 | 74.58416977 | 82.26018397 | 63.05929565 |
| Feb-23 | 77.77630181 | 79.17120734 | 83.13570487 | 60.14302444 |
| Mar-23 | 67.48140276 | 78.6578721 | 86.56126482 | 61.57964325 |
| Apr-23 | 63.88150903 | 78.14597075 | 86.69301713 | 70.58441162 |
| May-23 | 64.26390548 | 78.75394322 | 93.41238472 | 71.55239868 |
| Jun-23 | 57.42731979 | 78.60911959 | 93.67588933 | 63.47477341 |
| Jul-23 | 50.17921147 | 77.65127617 | 87.35177866 | 61.0330658 |
| Aug-23 | 55.44935617 | 76.84972756 | 86.0342556 | 59.98338318 |
| Sep-23 | 51.04208151 | 68.05563522 | 85.11198946 | 53.70404816 |
| Oct-23 | 52.3828488 | 69.59420705 | 83.13570487 | 57.30809402 |
| Nov-23 | 52.8341962 | 59.70891884 | 75.62582345 | 64.58114624 |
| Dec-23 | 50.78985796 | 57.30140522 | 79.31488801 | 56.37961197 |
| Jan-24 | 49.39599097 | 49.18437053 | 80.51519066 | 61.65723801 |
| Feb-24 | 46.86048055 | 47.47091087 | 78.511125 | 61.17884064 |
| Mar-24 | 44.23204567 | 48.1639479 | 76.91721814 | 60.06711197 |
| Apr-24 | 42.41338112 | 43.87533837 | 70.71362386 | 50.92090988 |
| May-24 | 44.63857029 | 48.51826131 | 68.03821098 | 59.78222656 |
| Jun-24 | 40.19738597 | 47.64239856 | 58.50790316 |
Diffusion index for 6-month headline inflation
Weighted share of prices rising more than 3 percent
| Date | Canada | Euro area | U.K. | U.S. |
|---|---|---|---|---|
| Jan-19 | 37.72764063 | 10.833 | 33.6 | 41.86 |
| Feb-19 | 36.02792392 | 9.819 | 25.8 | 44.56 |
| Mar-19 | 44.1825172 | 8.518 | 28.2 | 44.7 |
| Apr-19 | 40.37838932 | 7.81 | 25.7 | 37.06 |
| May-19 | 42.78632133 | 9.971 | 26.8 | 36.96 |
| Jun-19 | 46.08458114 | 17.117 | 31 | 38.01 |
| Jul-19 | 35.08700931 | 17.386 | 26.7 | 32.96 |
| Aug-19 | 31.64710643 | 18.437 | 30.3 | 33.97 |
| Sep-19 | 29.06717928 | 13.851 | 37.2 | 27.99 |
| Oct-19 | 35.72440308 | 9.397 | 29.8 | 33.82 |
| Nov-19 | 32.42614326 | 11.81 | 22.8 | 39.94 |
| Dec-19 | 36.80696074 | 8.839 | 28.1 | 33.41 |
| Jan-20 | 34.5912586 | 10.43420868 | 36.9 | 46.35 |
| Feb-20 | 29.05706192 | 7.551151023 | 36.2 | 49.05 |
| Mar-20 | 27.09429381 | 9.741194824 | 24.7 | 51.04 |
| Apr-20 | 28.25779037 | 10.76721534 | 25.3 | 41.19 |
| May-20 | 19.92108458 | 11.41822836 | 24.3 | 47.03 |
| Jun-20 | 29.80574666 | 13.95727915 | 14.1 | 35.25 |
| Jul-20 | 14.76123027 | 16.30132603 | 36.4 | 29.54 |
| Aug-20 | 17.05787131 | 9.765195304 | 15.5 | 32.1 |
| Sep-20 | 19.50627276 | 7.564151283 | 12.3 | 32.56 |
| Oct-20 | 33.31647106 | 8.275165503 | 25.5 | 32.54 |
| Nov-20 | 44.51639013 | 11.14722294 | 24.4 | 34.46 |
| Dec-20 | 33.82233913 | 11.36222724 | 24 | 37.85 |
| Jan-21 | 40.45932821 | 20.54120541 | 27.7 | 39.35 |
| Feb-21 | 43.69688385 | 18.91618916 | 34.5 | 42.93 |
| Mar-21 | 44.81991097 | 21.94921949 | 24.2 | 44.31 |
| Apr-21 | 46.90408741 | 23.58723587 | 27.8 | 50.22 |
| May-21 | 44.04087414 | 23.52523525 | 44.3 | 52.97 |
| Jun-21 | 53.99170292 | 30.5303053 | 52.7 | 55.83 |
| Jul-21 | 59.14196094 | 20.40320403 | 49 | 55.61 |
| Aug-21 | 61.46918952 | 28.30128301 | 54.7 | 59.37 |
| Sep-21 | 59.36456542 | 33.99233992 | 58.5 | 64.09 |
| Oct-21 | 64.94991399 | 45.88645886 | 62.7 | 63.16 |
| Nov-21 | 59.45563088 | 51.37051371 | 67.1 | 61.87 |
| Dec-21 | 62.83517151 | 55.1295513 | 65.8 | 64.38 |
| Jan-22 | 63.44227461 | 59.2398152 | 82.5 | 76.9 |
| Feb-22 | 66.68015785 | 62.12575748 | 86.6 | 77.27 |
| Mar-22 | 71.09177375 | 62.20575588 | 87.2 | 78.6 |
| Apr-22 | 73.96539512 | 65.06969861 | 87.9 | 79.59 |
| May-22 | 80.45988655 | 64.21171577 | 81.4 | 77.78 |
| Jun-22 | 82.73905997 | 65.10269795 | 86.7 | 77.48 |
| Jul-22 | 80.06482982 | 64.96670067 | 83.2 | 75.76 |
| Aug-22 | 77.09683955 | 71.63556729 | 82 | 73.74 |
| Sep-22 | 73.83508914 | 73.88652227 | 84 | 69.78 |
| Oct-22 | 70.71515397 | 76.43047139 | 81.4 | 69.78 |
| Nov-22 | 62.87479741 | 74.75150497 | 81.1 | 58.82 |
| Dec-22 | 63.03687196 | 72.94554109 | 78.2 | 55.48 |
| Jan-23 | 53.08954619 | 78.17387305 | 76.3 | 65.85 |
| Feb-23 | 55.6219611 | 77.40590376 | 82.9 | 65.52 |
| Mar-23 | 53.68719611 | 75.7599696 | 89.5 | 63.32 |
| Apr-23 | 50.81037277 | 73.82604696 | 86.8 | 69.08 |
| May-23 | 58.48979592 | 72.18211272 | 84.5 | 68.44 |
| Jun-23 | 55.68367347 | 68.65725371 | 83.2 | 65.28 |
| Jul-23 | 58.29591837 | 56.61673533 | 79.8 | 59 |
| Aug-23 | 62.30612245 | 55.86776529 | 73.7 | 59.44 |
| Sep-23 | 54.76530612 | 54.23283069 | 73.7 | 51.03 |
| Oct-23 | 52.52040816 | 55.63677453 | 70.5 | 47.15 |
| Nov-23 | 51.70408163 | 47.13911444 | 58.1 | 46.14 |
| Dec-23 | 57.09183673 | 41.05335787 | 60.2 | 45.54 |
| Jan-24 | 42.47959184 | 42.3051539 | 63.71080363 | 54.37 |
| Feb-24 | 40.7244898 | 38.23323534 | 58.44332065 | 60.52 |
| Mar-24 | 46.41836735 | 38.34623308 | 54.73575695 | 55.1 |
| Apr-24 | 44.06122449 | 38.8102238 | 54.39685753 | 58.36 |
| May-24 | 41.66496425 | 40.5801884 | 53.79200855 | 56.9 |
| Jun-24 | 39.86721144 | 44.10711786 | 55.98446483 |
Diffusion index for 6-month core inflation
Weighted share of prices rising more than 3 percent
| Date | Canada | Euro area | U.K. | U.S. |
|---|---|---|---|---|
| Jan-19 | 37.78334212 | 5.169831581 | 31.74404015 | 44.31 |
| Feb-19 | 36.82129678 | 4.710636374 | 24.15519399 | 46.91 |
| Mar-19 | 45.95413811 | 5.335141856 | 27.78473091 | 46.89 |
| Apr-19 | 42.94939378 | 7.416355827 | 24.40550688 | 40.31 |
| May-19 | 39.12756985 | 10.46965073 | 25.40675845 | 39.35 |
| Jun-19 | 45.32156036 | 8.221713575 | 27.40926158 | 39.54 |
| Jul-19 | 31.86610438 | 6.603933537 | 20.77596996 | 34.5 |
| Aug-19 | 25.79072219 | 8.638521533 | 27.53441802 | 35.68 |
| Sep-19 | 30.52187665 | 9.278569006 | 34.79349186 | 31.64 |
| Oct-19 | 35.42435424 | 3.658019668 | 34.79349186 | 36.54 |
| Nov-19 | 32.63046916 | 7.067367469 | 22.65331665 | 44.53 |
| Dec-19 | 35.93832367 | 2.869616819 | 33.41677096 | 33.67 |
| Jan-20 | 30.19240907 | 3.679235981 | 35.1689612 | 47.9 |
| Feb-20 | 25.25039536 | 0.997281422 | 36.88833124 | 51.11 |
| Mar-20 | 28.87453875 | 2.703083403 | 27.47804266 | 52.02 |
| Apr-20 | 28.90089615 | 1.711436339 | 27.35257215 | 37.3 |
| May-20 | 18.91143911 | 4.007437353 | 24.46675031 | 44.33 |
| Jun-20 | 31.11491829 | 7.583846295 | 14.30363864 | 31.01 |
| Jul-20 | 14.91829204 | 17.96796867 | 41.27979925 | 25.67 |
| Aug-20 | 16.51291513 | 8.761427183 | 16.5621079 | 28.75 |
| Sep-20 | 13.98260411 | 5.661121519 | 12.79799247 | 29.64 |
| Oct-20 | 31.52345809 | 6.66262871 | 28.35633626 | 33.33 |
| Nov-20 | 40.26093832 | 6.304846957 | 23.96486826 | 34.71 |
| Dec-20 | 30.29783869 | 5.651261392 | 23.58845671 | 37.69 |
| Jan-21 | 40.70901423 | 14.32232512 | 27.84163474 | 38.46 |
| Feb-21 | 44.38587243 | 14.14322325 | 36.49167734 | 42.09 |
| Mar-21 | 44.97891407 | 17.83301299 | 26.50448143 | 44.21 |
| Apr-21 | 47.20611492 | 16.50795038 | 26.37644046 | 50.93 |
| May-21 | 44.82076964 | 20.1278467 | 46.09475032 | 53.06 |
| Jun-21 | 54.38480812 | 28.36507659 | 55.44174136 | 57.96 |
| Jul-21 | 58.27508901 | 12.24882055 | 52.11267606 | 54.74 |
| Aug-21 | 57.73440591 | 23.99965053 | 56.2099872 | 57.8 |
| Sep-21 | 53.8704998 | 26.98322558 | 55.82586428 | 60.77 |
| Oct-21 | 59.65976526 | 40.04018871 | 62.99615877 | 59.79 |
| Nov-21 | 50.83739945 | 39.68926554 | 62.8681178 | 58.4 |
| Dec-21 | 54.22655941 | 40.6663172 | 60.17925736 | 60.8 |
| Jan-22 | 54.09468548 | 44.41737241 | 80.51948052 | 75.03 |
| Feb-22 | 57.5629698 | 47.6508491 | 85.136897 | 74.81 |
| Mar-22 | 63.20717394 | 48.69442691 | 87.48370274 | 76.24 |
| Apr-22 | 67.01833048 | 52.89809338 | 86.70143416 | 77.78 |
| May-22 | 76.03613177 | 51.63875475 | 79.26988266 | 75.66 |
| Jun-22 | 79.05154091 | 52.33007001 | 86.17992177 | 75.12 |
| Jul-22 | 78.48034006 | 52.13045457 | 79.66101695 | 73.24 |
| Aug-22 | 79.55632306 | 61.91895026 | 78.09647979 | 71.36 |
| Sep-22 | 74.61477152 | 68.12170671 | 79.13950456 | 69.9 |
| Oct-22 | 71.79861849 | 71.85568977 | 75.88005215 | 69.82 |
| Nov-22 | 62.03506908 | 69.39131966 | 79.53063885 | 57.51 |
| Dec-22 | 61.14505845 | 68.34627409 | 75.74967405 | 55.03 |
| Jan-23 | 49.33581296 | 75.53054201 | 73.19316689 | 66.56 |
| Feb-23 | 52.43092455 | 81.64754804 | 81.68642951 | 66.65 |
| Mar-23 | 47.67534538 | 79.71035274 | 90.38208169 | 64.99 |
| Apr-23 | 46.38682253 | 77.21680528 | 93.14888011 | 73.72 |
| May-23 | 55.0776583 | 75.58216232 | 90.11857708 | 72.81 |
| Jun-23 | 51.74565246 | 70.10467451 | 88.4057971 | 71.29 |
| Jul-23 | 57.20164609 | 56.4539719 | 83.92621871 | 64.12 |
| Aug-23 | 56.94942254 | 54.52968167 | 77.07509881 | 62.1 |
| Sep-23 | 49.5818399 | 49.50243763 | 79.57839262 | 52.1 |
| Oct-23 | 50.48453471 | 48.88872957 | 71.27799736 | 47.87 |
| Nov-23 | 45.21439002 | 39.96845426 | 59.02503294 | 46.4 |
| Dec-23 | 53.17934422 | 35.32979639 | 63.50461133 | 45.68 |
| Jan-24 | 43.80724811 | 41.36538216 | 67.93009293 | 57.4 |
| Feb-24 | 42.3470065 | 43.84415879 | 67.13890625 | 63.85 |
| Mar-24 | 48.347272 | 46.41080514 | 61.1616653 | 58.75 |
| Apr-24 | 39.66547192 | 42.7585425 | 62.68358346 | 63 |
| May-24 | 43.09149106 | 45.26708145 | 64.11065075 | 60.69 |
| Jun-24 | 43.75833556 | 48.94768917 | 66.69252727 |
Note: Indices are constructed from 94 headline and 73 coreseries for the Euro area, 158 headline and 102 core series for Canada, 85 headline and 65 core series for the U.K., and 199 headline and 171 core series for the U.S. The data extend through May 2024 for the U.S., and June 2024 for all other countries. U.S. data are PCE components.
Source: Haver Analytics; FRB staff calculations.
Figure 6. Average Correlation of Inflation Momentum Across Selected Advanced Economies
Cross-Country Average
10-year correlation
| Date | Core CPI | Core Goods CPI | Housing CPI | Core Services ex. Housing CPI |
|---|---|---|---|---|
| 1/16/2010 | 0.029540762 | -0.051475474 | 0.277395608 | 0.200632143 |
| 2/13/2010 | 0.019769038 | -0.048500807 | 0.290731332 | 0.187644793 |
| 3/16/2010 | 0.020588014 | -0.048819922 | 0.292331637 | 0.188314612 |
| 4/15/2010 | 0.018086013 | -0.047986128 | 0.311206811 | 0.186522209 |
| 5/16/2010 | 0.022181172 | -0.050059564 | 0.327377681 | 0.184928528 |
| 6/15/2010 | 0.014159053 | -0.051262503 | 0.340264848 | 0.188459087 |
| 7/16/2010 | 0.013401746 | -0.049050302 | 0.343552328 | 0.18212608 |
| 8/16/2010 | 0.013905143 | -0.044001403 | 0.344412097 | 0.174361427 |
| 9/15/2010 | 0.016763877 | -0.042938642 | 0.353704685 | 0.174477301 |
| 10/16/2010 | 0.017850084 | -0.043897042 | 0.365244678 | 0.180201344 |
| 11/15/2010 | 0.01946177 | -0.042293133 | 0.370617993 | 0.185344877 |
| 12/16/2010 | 0.017421613 | -0.039822174 | 0.37504287 | 0.17490367 |
| 1/16/2011 | 0.017440401 | -0.036568088 | 0.383757736 | 0.177965264 |
| 2/13/2011 | 0.016146776 | -0.04584174 | 0.39546876 | 0.166082329 |
| 3/16/2011 | 0.021190722 | -0.043819522 | 0.410529745 | 0.168997151 |
| 4/15/2011 | 0.020992586 | -0.040901435 | 0.426490878 | 0.164395455 |
| 5/16/2011 | 0.022409983 | -0.007639396 | 0.440617143 | 0.165661385 |
| 6/15/2011 | 0.010428252 | -0.013856261 | 0.454307129 | 0.16271202 |
| 7/16/2011 | 0.008248033 | -0.019288278 | 0.456562042 | 0.168344126 |
| 8/16/2011 | -0.001880379 | -0.023605037 | 0.459035107 | 0.15839744 |
| 9/15/2011 | 0.004244745 | -0.002995175 | 0.459415349 | 0.154377128 |
| 10/16/2011 | 0.013348771 | 0.033363104 | 0.46182766 | 0.158111985 |
| 11/15/2011 | 0.023331855 | 0.05923182 | 0.464981445 | 0.173808101 |
| 12/16/2011 | 0.03015153 | 0.061231748 | 0.471744304 | 0.191007147 |
| 1/16/2012 | 0.030246216 | 0.06482727 | 0.479814653 | 0.193410363 |
| 2/13/2012 | 0.02758098 | 0.066580338 | 0.486848384 | 0.186660785 |
| 3/16/2012 | 0.026480704 | 0.073729182 | 0.489199819 | 0.182062016 |
| 4/15/2012 | 0.029086653 | 0.083006374 | 0.487949876 | 0.173822839 |
| 5/16/2012 | 0.026754488 | 0.090656325 | 0.487220572 | 0.15775414 |
| 6/15/2012 | 0.025667246 | 0.097566522 | 0.484549266 | 0.14581768 |
| 7/16/2012 | 0.028265093 | 0.108382895 | 0.484147463 | 0.133491174 |
| 8/16/2012 | 0.033303801 | 0.123851663 | 0.484851674 | 0.113847379 |
| 9/15/2012 | 0.031408895 | 0.125555366 | 0.485323772 | 0.115706881 |
| 10/16/2012 | 0.030893807 | 0.128842887 | 0.4852816 | 0.102250331 |
| 11/15/2012 | 0.035518761 | 0.137322893 | 0.484049735 | 0.100561662 |
| 12/16/2012 | 0.032532162 | 0.138749967 | 0.483118383 | 0.067290349 |
| 1/16/2013 | 0.035233 | 0.136003062 | 0.487951459 | 0.058558516 |
| 2/14/2013 | 0.038506639 | 0.127950074 | 0.490545848 | 0.051507565 |
| 3/16/2013 | 0.038441503 | 0.127517284 | 0.491800466 | 0.053616821 |
| 4/15/2013 | 0.039530838 | 0.125867068 | 0.493882044 | 0.074083182 |
| 5/16/2013 | 0.042432635 | 0.122255145 | 0.497487671 | 0.080866083 |
| 6/15/2013 | 0.053646314 | 0.118659385 | 0.49974286 | 0.109272769 |
| 7/16/2013 | 0.052512947 | 0.117122854 | 0.499878754 | 0.111992364 |
| 8/16/2013 | 0.05177294 | 0.11193064 | 0.497808422 | 0.112589771 |
| 9/15/2013 | 0.050355475 | 0.111397287 | 0.498785847 | 0.109007411 |
| 10/16/2013 | 0.055286637 | 0.110769237 | 0.497685707 | 0.105548141 |
| 11/15/2013 | 0.059303149 | 0.113806267 | 0.491214475 | 0.102345557 |
| 12/16/2013 | 0.057761488 | 0.114641088 | 0.489486541 | 0.107979418 |
| 1/16/2014 | 0.057981704 | 0.117259782 | 0.486887174 | 0.10665343 |
| 2/13/2014 | 0.058407968 | 0.112182266 | 0.486499127 | 0.119875871 |
| 3/16/2014 | 0.060361491 | 0.109308271 | 0.484727605 | 0.124756151 |
| 4/15/2014 | 0.062816719 | 0.107702358 | 0.484159899 | 0.12551592 |
| 5/16/2014 | 0.060366195 | 0.108186536 | 0.486220325 | 0.126976451 |
| 6/15/2014 | 0.055701606 | 0.10752258 | 0.482286421 | 0.123271212 |
| 7/16/2014 | 0.056425473 | 0.107077965 | 0.477688268 | 0.133628579 |
| 8/16/2014 | 0.052934196 | 0.101946852 | 0.476978104 | 0.134018733 |
| 9/15/2014 | 0.053562093 | 0.096683001 | 0.471089777 | 0.138390472 |
| 10/16/2014 | 0.051019184 | 0.095219213 | 0.464780778 | 0.136244595 |
| 11/15/2014 | 0.050882519 | 0.099727874 | 0.453802067 | 0.129285636 |
| 12/16/2014 | 0.049136183 | 0.101046525 | 0.452176424 | 0.127025769 |
| 1/16/2015 | 0.048509802 | 0.102676492 | 0.449518953 | 0.121447163 |
| 2/13/2015 | 0.049612283 | 0.104513815 | 0.445467485 | 0.121979889 |
| 3/16/2015 | 0.050843799 | 0.100720866 | 0.441902099 | 0.122762965 |
| 4/15/2015 | 0.048632932 | 0.094851629 | 0.437268692 | 0.12204318 |
| 5/16/2015 | 0.048392514 | 0.092978632 | 0.433510934 | 0.122544225 |
| 6/15/2015 | 0.045690969 | 0.092344759 | 0.438621998 | 0.122262415 |
| 7/16/2015 | 0.046026104 | 0.090097813 | 0.433553684 | 0.128158369 |
| 8/16/2015 | 0.044104144 | 0.089073377 | 0.428636059 | 0.130952984 |
| 9/15/2015 | 0.042127346 | 0.088328477 | 0.426752247 | 0.133257767 |
| 10/16/2015 | 0.043369085 | 0.089838705 | 0.423938427 | 0.134349554 |
| 11/15/2015 | 0.044596017 | 0.089317033 | 0.42058582 | 0.134516014 |
| 12/16/2015 | 0.046621518 | 0.088574049 | 0.417785502 | 0.133424353 |
| 1/16/2016 | 0.048905108 | 0.088801773 | 0.411566854 | 0.141084419 |
| 2/13/2016 | 0.050363065 | 0.086975032 | 0.402081232 | 0.145042131 |
| 3/16/2016 | 0.053190128 | 0.085723244 | 0.390931856 | 0.145075894 |
| 4/15/2016 | 0.049059331 | 0.08283012 | 0.378360597 | 0.143984765 |
| 5/16/2016 | 0.04768121 | 0.079800687 | 0.366642298 | 0.142350543 |
| 6/15/2016 | 0.045413747 | 0.078927077 | 0.347559274 | 0.14259263 |
| 7/16/2016 | 0.051337781 | 0.078525041 | 0.32820577 | 0.1453058 |
| 8/16/2016 | 0.052932823 | 0.077765628 | 0.308041202 | 0.145848142 |
| 9/15/2016 | 0.051114885 | 0.077174849 | 0.292958404 | 0.14803016 |
| 10/16/2016 | 0.045036177 | 0.077845026 | 0.282137869 | 0.156179046 |
| 11/15/2016 | 0.04154927 | 0.075804319 | 0.270438708 | 0.157714075 |
| 12/16/2016 | 0.040551533 | 0.076613783 | 0.258671674 | 0.160736275 |
| 1/16/2017 | 0.03739013 | 0.076666053 | 0.244555908 | 0.16235211 |
| 2/14/2017 | 0.032858626 | 0.075918613 | 0.225178216 | 0.163640058 |
| 3/16/2017 | 0.024238032 | 0.075192184 | 0.209175486 | 0.156965728 |
| 4/15/2017 | 0.017261639 | 0.071095829 | 0.192873377 | 0.145191476 |
| 5/16/2017 | 0.016199881 | 0.065798469 | 0.179869764 | 0.14336388 |
| 6/15/2017 | 0.016487952 | 0.065188916 | 0.161242324 | 0.141510279 |
| 7/16/2017 | 0.017507371 | 0.062502785 | 0.150829677 | 0.146612488 |
| 8/16/2017 | 0.018965328 | 0.058736377 | 0.134775849 | 0.144649202 |
| 9/15/2017 | 0.021579834 | 0.054079998 | 0.121696247 | 0.148859389 |
| 10/16/2017 | 0.02032136 | 0.050452361 | 0.102074657 | 0.148879157 |
| 11/15/2017 | 0.021061071 | 0.050813933 | 0.083824629 | 0.149639386 |
| 12/16/2017 | 0.021414931 | 0.054813657 | 0.062955756 | 0.155545681 |
| 1/16/2018 | 0.030620855 | 0.061807916 | 0.052592247 | 0.155846494 |
| 2/13/2018 | 0.036237867 | 0.063939904 | 0.044601094 | 0.151181304 |
| 3/16/2018 | 0.044522994 | 0.053969487 | 0.036030198 | 0.146075077 |
| 4/15/2018 | 0.043786114 | 0.047295438 | 0.022208483 | 0.137996468 |
| 5/16/2018 | 0.037896225 | 0.038169525 | 0.009039227 | 0.111203865 |
| 6/15/2018 | 0.037432621 | 0.038057418 | -0.000799933 | 0.089104116 |
| 7/16/2018 | 0.028158634 | 0.045938803 | -0.008257944 | 0.076158217 |
| 8/16/2018 | 0.016470027 | 0.043476892 | -0.014247174 | 0.055590372 |
| 9/15/2018 | 0.015227203 | 0.04319507 | -0.01866023 | 0.046779326 |
| 10/16/2018 | 0.017403757 | 0.040144296 | -0.031327399 | 0.051658464 |
| 11/15/2018 | 0.017541292 | 0.03990034 | -0.045845873 | 0.061957018 |
| 12/16/2018 | 0.012865391 | 0.041529593 | -0.053250246 | 0.055625933 |
| 1/16/2019 | 0.00730504 | 0.042357665 | -0.052033798 | 0.05896619 |
| 2/13/2019 | 0.006392014 | 0.044999564 | -0.051266564 | 0.060942293 |
| 3/16/2019 | 0.009129691 | 0.053836331 | -0.050789219 | 0.066069028 |
| 4/15/2019 | 0.005008964 | 0.049967654 | -0.047403694 | 0.06609271 |
| 5/16/2019 | 0.003475029 | 0.054160773 | -0.045213409 | 0.064887362 |
| 6/15/2019 | 0.002597944 | 0.047048474 | -0.060179055 | 0.066676474 |
| 7/16/2019 | 0.004881349 | 0.04079599 | -0.058362716 | 0.061541093 |
| 8/16/2019 | 0.007448637 | 0.041165105 | -0.0650302 | 0.069426528 |
| 9/15/2019 | 0.009415845 | 0.045917606 | -0.059853464 | 0.06463189 |
| 10/16/2019 | 0.009777842 | 0.051585875 | -0.062460776 | 0.054234025 |
| 11/15/2019 | 0.008082875 | 0.065282924 | -0.063882038 | 0.046773727 |
| 12/16/2019 | 0.007798301 | 0.058925783 | -0.068213524 | 0.041901917 |
| 1/16/2020 | 0.00928726 | 0.051767894 | -0.08462772 | 0.044282838 |
| 2/13/2020 | 0.009928428 | 0.049315845 | -0.09704434 | 0.041590452 |
| 3/16/2020 | 0.010310723 | 0.049264368 | -0.099197851 | 0.044280227 |
| 4/15/2020 | 0.035957318 | 0.057089552 | -0.099651964 | 0.058881758 |
| 5/16/2020 | 0.117076754 | 0.090040198 | -0.081476661 | 0.101525058 |
| 6/15/2020 | 0.139459273 | 0.099954941 | -0.062782584 | 0.109329283 |
| 7/16/2020 | 0.13283544 | 0.110704402 | -0.050068773 | 0.104677474 |
| 8/16/2020 | 0.120059569 | 0.09656403 | -0.038994009 | 0.091938602 |
| 9/15/2020 | 0.104161177 | 0.082216673 | -0.037068321 | 0.091652349 |
| 10/16/2020 | 0.097271654 | 0.052756877 | -0.047253176 | 0.102245361 |
| 11/15/2020 | 0.099037104 | 0.058682718 | -0.053496844 | 0.104475217 |
| 12/16/2020 | 0.100836162 | 0.058763882 | -0.052317969 | 0.102475662 |
| 1/16/2021 | 0.113039576 | 0.072423842 | -0.051489633 | 0.10806502 |
| 2/14/2021 | 0.115857558 | 0.078348996 | -0.048000324 | 0.103287941 |
| 3/16/2021 | 0.112284989 | 0.073160605 | -0.043256899 | 0.093515427 |
| 4/15/2021 | 0.095415646 | 0.058038897 | -0.038861326 | 0.082817769 |
| 5/16/2021 | 0.108706377 | 0.073652242 | -0.022494272 | 0.076608271 |
| 6/15/2021 | 0.164226086 | 0.178529339 | 0.005842182 | 0.073039233 |
| 7/16/2021 | 0.212265669 | 0.24802246 | 0.021160257 | 0.074564601 |
| 8/16/2021 | 0.248603542 | 0.293454842 | 0.031380942 | 0.074252166 |
| 9/15/2021 | 0.263484104 | 0.299879658 | 0.043716706 | 0.070509757 |
| 10/16/2021 | 0.293014042 | 0.301877486 | 0.062511893 | 0.086967504 |
| 11/15/2021 | 0.343442655 | 0.315117756 | 0.085295026 | 0.116036447 |
| 12/16/2021 | 0.396158623 | 0.354711562 | 0.125517779 | 0.130481131 |
| 1/16/2022 | 0.452043759 | 0.397759799 | 0.182194443 | 0.139217062 |
| 2/13/2022 | 0.485086738 | 0.427773023 | 0.240643523 | 0.142027712 |
| 3/16/2022 | 0.517052761 | 0.447726065 | 0.29591809 | 0.155882271 |
| 4/15/2022 | 0.543137907 | 0.455700837 | 0.365237358 | 0.163004305 |
| 5/16/2022 | 0.569372002 | 0.462790668 | 0.432149961 | 0.194963259 |
| 6/15/2022 | 0.594433291 | 0.470632634 | 0.489221531 | 0.230401953 |
| 7/16/2022 | 0.61775862 | 0.479068134 | 0.52225166 | 0.258127324 |
| 8/16/2022 | 0.63271241 | 0.481763227 | 0.549726015 | 0.273042114 |
| 9/15/2022 | 0.649713054 | 0.485886097 | 0.577006138 | 0.298576414 |
| 10/16/2022 | 0.657116498 | 0.485424075 | 0.602762237 | 0.316403367 |
| 11/15/2022 | 0.664643185 | 0.483212633 | 0.631585648 | 0.323658307 |
| 12/16/2022 | 0.668146237 | 0.475617377 | 0.656421383 | 0.322105362 |
| 1/16/2023 | 0.669914423 | 0.469499538 | 0.671332206 | 0.314401777 |
| 2/13/2023 | 0.674568086 | 0.468967021 | 0.67656065 | 0.314027769 |
| 3/16/2023 | 0.678741516 | 0.465372408 | 0.677164141 | 0.315736159 |
| 4/15/2023 | 0.679796127 | 0.462046181 | 0.680946452 | 0.317995386 |
| 5/16/2023 | 0.679960341 | 0.463199766 | 0.684582947 | 0.311201844 |
| 6/15/2023 | 0.675353898 | 0.462140346 | 0.689217214 | 0.295344178 |
| 7/16/2023 | 0.673510457 | 0.460385383 | 0.698189185 | 0.289940084 |
| 8/16/2023 | 0.670666033 | 0.456855523 | 0.70725194 | 0.290207016 |
| 9/15/2023 | 0.671305868 | 0.455524307 | 0.714951126 | 0.28735015 |
| 10/16/2023 | 0.670332972 | 0.454267616 | 0.713559532 | 0.285808907 |
| 11/15/2023 | 0.669502262 | 0.458244888 | 0.715859133 | 0.286731651 |
| 12/16/2023 | 0.667806841 | 0.456951778 | 0.717669033 | 0.288243305 |
| 1/16/2024 | 0.667105184 | 0.456510875 | 0.723503085 | 0.284002886 |
| 2/13/2024 | 0.665247004 | 0.457206304 | 0.729634717 | 0.276700351 |
| 3/16/2024 | 0.539785775 | 0.218818922 |
Note: Correlation values are calculated on a 10-year window ending on the date shown. Underlying data area 3m/3m percent changes at an annualized rate.
Source: Haver Analytics; FRB staff calculations.
Figure 7. Bilateral Correlation of Inflation Momentum
Euro area and U.S.
10-year correlation
| Period | Core CPI | Core Goods CPI | Housing CPI | Core Services ex. Housing CPI |
|---|---|---|---|---|
| 1/16/2010 | 0.077272728 | -0.360060454 | 0.120594431 | |
| 2/13/2010 | 0.094988573 | -0.360533668 | 0.147871864 | |
| 3/16/2010 | 0.139313735 | -0.35881541 | 0.161599284 | |
| 4/15/2010 | 0.167770314 | -0.346760711 | 0.179876384 | |
| 5/16/2010 | 0.230106101 | -0.332204649 | 0.20268771 | |
| 6/15/2010 | 0.255947365 | -0.331645081 | 0.219152014 | |
| 7/16/2010 | 0.264571014 | -0.332109619 | 0.231181758 | |
| 8/16/2010 | 0.265429095 | -0.337434837 | 0.225629623 | |
| 9/15/2010 | 0.272985156 | -0.343987017 | 0.240090268 | |
| 10/16/2010 | 0.285675006 | -0.344725622 | 0.264892747 | |
| 11/15/2010 | 0.302003885 | -0.33528966 | 0.282802562 | |
| 12/16/2010 | 0.307186214 | -0.335379033 | 0.290637301 | |
| 1/16/2011 | 0.305563494 | -0.336040018 | 0.311729976 | |
| 2/13/2011 | 0.312656627 | -0.34871861 | 0.340910123 | 0.342729909 |
| 3/16/2011 | 0.335721523 | -0.347871993 | 0.397293625 | 0.354696789 |
| 4/15/2011 | 0.320313522 | -0.340133337 | 0.425541943 | 0.351946299 |
| 5/16/2011 | 0.32360819 | -0.264615339 | 0.456558311 | 0.359476838 |
| 6/15/2011 | 0.311478771 | -0.242060742 | 0.479886651 | 0.364540543 |
| 7/16/2011 | 0.27265826 | -0.278794483 | 0.485492333 | 0.36830328 |
| 8/16/2011 | 0.228918477 | -0.308940877 | 0.494108837 | 0.36175919 |
| 9/15/2011 | 0.225521836 | -0.29555241 | 0.490364052 | 0.356605761 |
| 10/16/2011 | 0.227950794 | -0.231024596 | 0.486058357 | 0.352904149 |
| 11/15/2011 | 0.201380689 | -0.202302695 | 0.471525822 | 0.348033548 |
| 12/16/2011 | 0.178380276 | -0.196947513 | 0.477786811 | 0.361613518 |
| 1/16/2012 | 0.154733441 | -0.185075808 | 0.481474747 | 0.344036066 |
| 2/13/2012 | 0.151008325 | -0.176455484 | 0.474038836 | 0.342352919 |
| 3/16/2012 | 0.156500714 | -0.163171725 | 0.466279866 | 0.344285499 |
| 4/15/2012 | 0.151892892 | -0.159875982 | 0.461376694 | 0.353398507 |
| 5/16/2012 | 0.155055433 | -0.14035206 | 0.462460133 | 0.359984071 |
| 6/15/2012 | 0.152598295 | -0.138228827 | 0.463366593 | 0.378012023 |
| 7/16/2012 | 0.156298527 | -0.138674996 | 0.464548961 | 0.361229012 |
| 8/16/2012 | 0.153346166 | -0.128122498 | 0.465466325 | 0.344175898 |
| 9/15/2012 | 0.152397896 | -0.130407252 | 0.464875123 | 0.328387539 |
| 10/16/2012 | 0.15170652 | -0.131865409 | 0.462546632 | 0.328046737 |
| 11/15/2012 | 0.152981675 | -0.114955276 | 0.453528244 | 0.330590597 |
| 12/16/2012 | 0.15744818 | -0.106377046 | 0.45100372 | 0.319250013 |
| 1/16/2013 | 0.155451036 | -0.106391965 | 0.448181688 | 0.317240341 |
| 2/14/2013 | 0.149977784 | -0.106946443 | 0.440829313 | 0.311252313 |
| 3/16/2013 | 0.145729685 | -0.113592099 | 0.428274377 | 0.308284342 |
| 4/15/2013 | 0.179025623 | -0.117272586 | 0.422027625 | 0.348129297 |
| 5/16/2013 | 0.197184389 | -0.121968097 | 0.413364906 | 0.373689176 |
| 6/15/2013 | 0.226195736 | -0.11866047 | 0.406473031 | 0.429646287 |
| 7/16/2013 | 0.226385159 | -0.114642304 | 0.408619884 | 0.434807716 |
| 8/16/2013 | 0.20189666 | -0.115841507 | 0.408361687 | 0.414982473 |
| 9/15/2013 | 0.196202033 | -0.117955245 | 0.409248566 | 0.398920385 |
| 10/16/2013 | 0.202436782 | -0.126000545 | 0.405388971 | 0.392759905 |
| 11/15/2013 | 0.20822776 | -0.120757822 | 0.388251523 | 0.379411757 |
| 12/16/2013 | 0.210574242 | -0.122500925 | 0.386070978 | 0.388857654 |
| 1/16/2014 | 0.219538471 | -0.11751736 | 0.383159257 | 0.368829577 |
| 2/13/2014 | 0.22607713 | -0.105980567 | 0.389118326 | 0.370686961 |
| 3/16/2014 | 0.216126804 | -0.098682957 | 0.383557921 | 0.346319713 |
| 4/15/2014 | 0.209014091 | -0.095384676 | 0.375581173 | 0.349038429 |
| 5/16/2014 | 0.188971715 | -0.092858631 | 0.37367737 | 0.348455763 |
| 6/15/2014 | 0.176119147 | -0.089401259 | 0.362305164 | 0.353344471 |
| 7/16/2014 | 0.172536957 | -0.085012156 | 0.349774704 | 0.367427586 |
| 8/16/2014 | 0.185009428 | -0.077968255 | 0.351073877 | 0.375646022 |
| 9/15/2014 | 0.188953169 | -0.080042968 | 0.334051838 | 0.394916919 |
| 10/16/2014 | 0.190077777 | -0.077465933 | 0.318174192 | 0.410320885 |
| 11/15/2014 | 0.189859785 | -0.068317151 | 0.294751741 | 0.382303878 |
| 12/16/2014 | 0.187982922 | -0.051337582 | 0.29518543 | 0.365729338 |
| 1/16/2015 | 0.183531975 | -0.031256878 | 0.286581957 | 0.342113574 |
| 2/13/2015 | 0.187093366 | -0.025348381 | 0.269653749 | 0.348279948 |
| 3/16/2015 | 0.195058498 | -0.023870435 | 0.254535233 | 0.35122014 |
| 4/15/2015 | 0.205772378 | -0.024717331 | 0.231885824 | 0.339234046 |
| 5/16/2015 | 0.207673742 | -0.022969398 | 0.220392698 | 0.33319008 |
| 6/15/2015 | 0.208690309 | -0.022458898 | 0.22413406 | 0.333356469 |
| 7/16/2015 | 0.211963483 | -0.024000312 | 0.210867828 | 0.334172597 |
| 8/16/2015 | 0.207721071 | -0.029741974 | 0.195467411 | 0.337505042 |
| 9/15/2015 | 0.20659081 | -0.031733732 | 0.184773067 | 0.3391827 |
| 10/16/2015 | 0.205201416 | -0.032933127 | 0.176760675 | 0.337436814 |
| 11/15/2015 | 0.192203248 | -0.033701414 | 0.162062791 | 0.323240412 |
| 12/16/2015 | 0.184032848 | -0.029429456 | 0.140841491 | 0.305626373 |
| 1/16/2016 | 0.182535597 | -0.022119216 | 0.115181591 | 0.306121596 |
| 2/13/2016 | 0.184009525 | -0.025191819 | 0.08821428 | 0.310137465 |
| 3/16/2016 | 0.195550352 | -0.023149951 | 0.054409707 | 0.311129469 |
| 4/15/2016 | 0.177584925 | -0.022941213 | 0.029548982 | 0.306995763 |
| 5/16/2016 | 0.160417304 | -0.030459186 | 0.000277075 | 0.307525946 |
| 6/15/2016 | 0.131611969 | -0.03282687 | -0.029782181 | 0.297833385 |
| 7/16/2016 | 0.124310245 | -0.02337782 | -0.065087023 | 0.296126451 |
| 8/16/2016 | 0.122137958 | -0.017644828 | -0.097158343 | 0.295279704 |
| 9/15/2016 | 0.116801696 | -0.017740147 | -0.120312997 | 0.294070217 |
| 10/16/2016 | 0.1115315 | -0.017717946 | -0.146112578 | 0.297650648 |
| 11/15/2016 | 0.111143913 | -0.009828231 | -0.170283037 | 0.302425748 |
| 12/16/2016 | 0.112838515 | 0.00079859 | -0.199140692 | 0.308174805 |
| 1/16/2017 | 0.108970094 | 0.013131657 | -0.225232469 | 0.309471556 |
| 2/14/2017 | 0.089558311 | 0.013678792 | -0.265292451 | 0.305100572 |
| 3/16/2017 | 0.078355567 | 0.014558113 | -0.292429345 | 0.296936265 |
| 4/15/2017 | 0.067710631 | 0.015873438 | -0.325931855 | 0.256828106 |
| 5/16/2017 | 0.070077552 | 0.014773536 | -0.341181331 | 0.2462961 |
| 6/15/2017 | 0.06417864 | 0.021385376 | -0.364805313 | 0.231671935 |
| 7/16/2017 | 0.065643067 | 0.029241759 | -0.373539837 | 0.226575026 |
| 8/16/2017 | 0.065073269 | 0.030371755 | -0.392790294 | 0.222679115 |
| 9/15/2017 | 0.0637805 | 0.028360504 | -0.406678771 | 0.221699839 |
| 10/16/2017 | 0.049173799 | 0.028327112 | -0.431561346 | 0.218716839 |
| 11/15/2017 | 0.028494682 | 0.027864857 | -0.449890744 | 0.210126806 |
| 12/16/2017 | -0.003184377 | 0.023835993 | -0.471096092 | 0.200051245 |
| 1/16/2018 | -0.039052709 | 0.016063024 | -0.475969377 | 0.175143038 |
| 2/13/2018 | -0.056081781 | 0.009964806 | -0.480055441 | 0.162383534 |
| 3/16/2018 | -0.061852157 | 0.004872153 | -0.484650751 | 0.140162074 |
| 4/15/2018 | -0.067112965 | 0.000354015 | -0.488915252 | 0.126193 |
| 5/16/2018 | -0.058891972 | -0.00466148 | -0.492577271 | 0.070752005 |
| 6/15/2018 | -0.058903751 | -0.002207398 | -0.491515568 | 0.040169152 |
| 7/16/2018 | -0.08474146 | 0.002778435 | -0.494659156 | 0.001979581 |
| 8/16/2018 | -0.096262524 | 0.003907791 | -0.495990905 | -0.038184846 |
| 9/15/2018 | -0.105263202 | 0.001537507 | -0.500245975 | -0.061136009 |
| 10/16/2018 | -0.102843531 | 0.004582413 | -0.505199457 | -0.060704156 |
| 11/15/2018 | -0.103896041 | 0.009780773 | -0.512193916 | -0.050416207 |
| 12/16/2018 | -0.101148824 | 0.010138615 | -0.506479646 | -0.034510337 |
| 1/16/2019 | -0.106749508 | 0.004971576 | -0.505333879 | -0.029488615 |
| 2/13/2019 | -0.108653547 | -0.006003958 | -0.498057113 | -0.031732934 |
| 3/16/2019 | -0.107562181 | -0.002930156 | -0.497436786 | -0.037656265 |
| 4/15/2019 | -0.109932365 | 0.011702303 | -0.48577002 | -0.04498851 |
| 5/16/2019 | -0.109648433 | 0.037682397 | -0.476413725 | -0.052426617 |
| 6/15/2019 | -0.10829437 | 0.037512024 | -0.461079246 | -0.05572924 |
| 7/16/2019 | -0.114842314 | 0.04044745 | -0.440291916 | -0.054159804 |
| 8/16/2019 | -0.107649728 | 0.039716839 | -0.435426368 | -0.032824327 |
| 9/15/2019 | -0.103905112 | 0.044130413 | -0.422968664 | -0.027427185 |
| 10/16/2019 | -0.089974347 | 0.062190044 | -0.416319467 | -0.018667141 |
| 11/15/2019 | -0.082317093 | 0.119549737 | -0.404238544 | -0.018880699 |
| 12/16/2019 | -0.082776276 | 0.11135615 | -0.399800093 | -0.024589882 |
| 1/16/2020 | -0.110705072 | 0.109741524 | -0.415866612 | -0.041474793 |
| 2/13/2020 | -0.132285647 | 0.095185183 | -0.443726871 | -0.052552848 |
| 3/16/2020 | -0.13523443 | 0.094233817 | -0.475743372 | -0.029071004 |
| 4/15/2020 | -0.114026279 | 0.084472416 | -0.439211175 | 0.012103401 |
| 5/16/2020 | -0.070783863 | 0.073407381 | -0.409130677 | 0.037786286 |
| 6/15/2020 | -0.072087786 | 0.111500395 | -0.381562779 | 0.011577749 |
| 7/16/2020 | -0.056913294 | 0.116390552 | -0.362814045 | 0.00802408 |
| 8/16/2020 | -0.097269431 | 0.016535695 | -0.311224986 | -0.0258006 |
| 9/15/2020 | -0.157588235 | -0.036625186 | -0.285375013 | -0.06668001 |
| 10/16/2020 | -0.181252822 | -0.171324298 | -0.276800441 | -0.047745196 |
| 11/15/2020 | -0.180876917 | -0.132817501 | -0.290881379 | -0.043964268 |
| 12/16/2020 | -0.180912626 | -0.138027077 | -0.275706923 | -0.043847298 |
| 1/16/2021 | -0.178956408 | -0.102714411 | -0.277446518 | -0.052906163 |
| 2/14/2021 | -0.189173047 | -0.088623217 | -0.271956155 | -0.062455845 |
| 3/16/2021 | -0.192835872 | -0.084926265 | -0.26122528 | -0.070374961 |
| 4/15/2021 | -0.248827955 | -0.144089869 | -0.243911716 | -0.11080597 |
| 5/16/2021 | -0.2424149 | -0.139872665 | -0.214068004 | -0.126197828 |
| 6/15/2021 | -0.191422851 | -0.014974142 | -0.180014937 | -0.13643979 |
| 7/16/2021 | -0.12128964 | 0.104960369 | -0.165074503 | -0.142034324 |
| 8/16/2021 | -0.078764392 | 0.166332371 | -0.139890881 | -0.143486415 |
| 9/15/2021 | -0.065334852 | 0.176172227 | -0.107489868 | -0.157384255 |
| 10/16/2021 | -0.0308384 | 0.183187667 | -0.06702964 | -0.16769331 |
| 11/15/2021 | 0.073065022 | 0.218471322 | -0.026962186 | -0.133158528 |
| 12/16/2021 | 0.161836255 | 0.267990697 | 0.016114109 | -0.094664886 |
| 1/16/2022 | 0.241537314 | 0.324828209 | 0.06341458 | -0.044218076 |
| 2/13/2022 | 0.271702375 | 0.364338917 | 0.12308299 | -0.041055563 |
| 3/16/2022 | 0.301011715 | 0.368880545 | 0.1972631 | -0.011061995 |
| 4/15/2022 | 0.330703581 | 0.350101983 | 0.297909325 | -0.000491421 |
| 5/16/2022 | 0.361184408 | 0.328468112 | 0.398211062 | 0.064866126 |
| 6/15/2022 | 0.402488233 | 0.326082274 | 0.492052857 | 0.09470702 |
| 7/16/2022 | 0.431136943 | 0.329168461 | 0.570177069 | 0.112055083 |
| 8/16/2022 | 0.456465132 | 0.327528463 | 0.637791957 | 0.118523285 |
| 9/15/2022 | 0.480830183 | 0.317238541 | 0.684408017 | 0.161040473 |
| 10/16/2022 | 0.502225088 | 0.303166198 | 0.729153273 | 0.196172365 |
| 11/15/2022 | 0.512906403 | 0.281722384 | 0.75984381 | 0.222434233 |
| 12/16/2022 | 0.515808511 | 0.254142015 | 0.787653314 | 0.221932149 |
| 1/16/2023 | 0.520700015 | 0.236529093 | 0.810260979 | 0.224660623 |
| 2/13/2023 | 0.530159825 | 0.227648958 | 0.830869215 | 0.232928137 |
| 3/16/2023 | 0.538586621 | 0.226104211 | 0.840579528 | 0.238955474 |
| 4/15/2023 | 0.545149692 | 0.227976579 | 0.846535278 | 0.245060955 |
| 5/16/2023 | 0.550622657 | 0.233076589 | 0.850039695 | 0.238036385 |
| 6/15/2023 | 0.549510761 | 0.233235466 | 0.85291031 | 0.225455998 |
| 7/16/2023 | 0.546037243 | 0.231053763 | 0.860155219 | 0.218414946 |
| 8/16/2023 | 0.539952511 | 0.225552457 | 0.869011902 | 0.225537809 |
| 9/15/2023 | 0.539568534 | 0.220528166 | 0.873807176 | 0.232323198 |
| 10/16/2023 | 0.538266021 | 0.217263056 | 0.873472498 | 0.23362219 |
| 11/15/2023 | 0.536937807 | 0.217595576 | 0.873704235 | 0.232686473 |
| 12/16/2023 | 0.535396109 | 0.216241653 | 0.873978432 | 0.23159245 |
| 1/16/2024 | 0.534901252 | 0.216607256 | 0.876727446 | 0.237267778 |
| 2/13/2024 | 0.536267134 | 0.216412699 | 0.881725977 | 0.248187368 |
| 3/16/2024 | 0.539785775 | 0.218818922 |
Canada and U.S.
10-year correlation
| Period | Core CPI | Core Goods CPI | Housing CPI | Core Services ex. Housing CPI |
|---|---|---|---|---|
| 1/16/2010 | -0.012311352 | -0.06176533 | 0.453560023 | 0.270481647 |
| 2/13/2010 | -0.029001772 | -0.062296032 | 0.466398344 | 0.236034142 |
| 3/16/2010 | -0.003865532 | -0.062692574 | 0.465961296 | 0.240173409 |
| 4/15/2010 | 0.001142712 | -0.058032851 | 0.467318504 | 0.243371089 |
| 5/16/2010 | 0.03480871 | -0.050833621 | 0.465300893 | 0.24898326 |
| 6/15/2010 | 0.023805871 | -0.051377584 | 0.465504261 | 0.243505682 |
| 7/16/2010 | 0.016324499 | -0.050694154 | 0.45568398 | 0.223523832 |
| 8/16/2010 | 0.011826221 | -0.051260506 | 0.453636782 | 0.206006412 |
| 9/15/2010 | 0.014705149 | -0.052773817 | 0.455420577 | 0.195259961 |
| 10/16/2010 | 0.01770097 | -0.052325659 | 0.463239441 | 0.191093912 |
| 11/15/2010 | 0.008611497 | -0.06202974 | 0.466200266 | 0.179642089 |
| 12/16/2010 | 0.003007661 | -0.063679704 | 0.467032925 | 0.168579579 |
| 1/16/2011 | -0.004095212 | -0.070266641 | 0.468646217 | 0.179817513 |
| 2/13/2011 | -0.004003811 | -0.075523688 | 0.469991489 | 0.184496912 |
| 3/16/2011 | 0.000554704 | -0.074346273 | 0.476147108 | 0.188191426 |
| 4/15/2011 | -0.000821727 | -0.076545515 | 0.483830788 | 0.184306852 |
| 5/16/2011 | -0.002988868 | -0.054210081 | 0.491337321 | 0.170522306 |
| 6/15/2011 | -0.014854515 | -0.073710278 | 0.501366981 | 0.173731311 |
| 7/16/2011 | -0.02332026 | -0.08061846 | 0.506556945 | 0.176570034 |
| 8/16/2011 | -0.0471736 | -0.092949614 | 0.511501041 | 0.16094097 |
| 9/15/2011 | -0.038707905 | -0.073218066 | 0.510877913 | 0.16079749 |
| 10/16/2011 | -0.03407361 | -0.05642339 | 0.508882406 | 0.16551599 |
| 11/15/2011 | -0.021325245 | -0.047112396 | 0.512050177 | 0.17825178 |
| 12/16/2011 | -0.015326835 | -0.050369106 | 0.531367595 | 0.184189706 |
| 1/16/2012 | -0.007442275 | -0.050210018 | 0.562531694 | 0.193417594 |
| 2/13/2012 | -0.010485311 | -0.037437546 | 0.59438853 | 0.190685455 |
| 3/16/2012 | -0.008181479 | -0.020080711 | 0.604337482 | 0.177360864 |
| 4/15/2012 | -0.015877526 | -0.008244488 | 0.610821897 | 0.173515057 |
| 5/16/2012 | -0.015881722 | 0.002625084 | 0.610066095 | 0.172827652 |
| 6/15/2012 | -0.025878155 | 0.005075098 | 0.609184604 | 0.177796454 |
| 7/16/2012 | -0.017639908 | 0.026747802 | 0.608631302 | 0.159375071 |
| 8/16/2012 | -0.032217939 | 0.031391316 | 0.607661104 | 0.125475856 |
| 9/15/2012 | -0.045142052 | 0.035717772 | 0.606311822 | 0.102542212 |
| 10/16/2012 | -0.049037217 | 0.039227326 | 0.602340783 | 0.091583672 |
| 11/15/2012 | -0.04607696 | 0.045368543 | 0.596253996 | 0.084986855 |
| 12/16/2012 | -0.042043711 | 0.045100903 | 0.590655512 | 0.065083021 |
| 1/16/2013 | -0.044785444 | 0.034592203 | 0.58194776 | 0.033172672 |
| 2/14/2013 | -0.029479493 | 0.033811685 | 0.577705634 | 0.00667718 |
| 3/16/2013 | -0.021399506 | 0.036561336 | 0.577496513 | 0.00094139 |
| 4/15/2013 | -0.038853384 | 0.031804525 | 0.58491948 | 0.008306083 |
| 5/16/2013 | -0.025676299 | 0.041232517 | 0.580215549 | 0.015843197 |
| 6/15/2013 | -0.023958313 | 0.028952813 | 0.576609081 | 0.026518138 |
| 7/16/2013 | -0.023528676 | 0.02308301 | 0.574595526 | 0.033579303 |
| 8/16/2013 | -0.032968049 | 0.015833621 | 0.572752708 | 0.033076027 |
| 9/15/2013 | -0.032800539 | 0.020636223 | 0.571806014 | 0.026417875 |
| 10/16/2013 | -0.015569079 | 0.024748818 | 0.571277717 | 0.019561257 |
| 11/15/2013 | 0.006485385 | 0.0490002 | 0.571069666 | 0.024969904 |
| 12/16/2013 | 0.008897009 | 0.061680913 | 0.570447536 | 0.023443719 |
| 1/16/2014 | 0.005706817 | 0.071479983 | 0.568391316 | 0.017126749 |
| 2/13/2014 | -0.005803971 | 0.04877168 | 0.567375655 | 0.036689692 |
| 3/16/2014 | -0.002199794 | 0.033695935 | 0.564877561 | 0.054 |
| 4/15/2014 | 0.003663427 | 0.023307619 | 0.567356524 | 0.058416201 |
| 5/16/2014 | -0.002525923 | 0.019452735 | 0.5791901 | 0.057108624 |
| 6/15/2014 | -0.002173214 | 0.020301613 | 0.58006803 | 0.048812129 |
| 7/16/2014 | -0.00248197 | 0.020438503 | 0.575545952 | 0.047855738 |
| 8/16/2014 | -0.020105273 | 0.002618519 | 0.575415315 | 0.033764957 |
| 9/15/2014 | -0.02316042 | -0.00556998 | 0.571526903 | 0.025509428 |
| 10/16/2014 | -0.026195521 | -0.000970205 | 0.564920998 | 0.006023207 |
| 11/15/2014 | -0.038626166 | -0.016791184 | 0.560123774 | 0.016465021 |
| 12/16/2014 | -0.045858145 | -0.037967718 | 0.560515762 | 0.020988063 |
| 1/16/2015 | -0.047536749 | -0.05793161 | 0.560157912 | 0.033453526 |
| 2/13/2015 | -0.050736714 | -0.059115211 | 0.560252413 | 0.028931394 |
| 3/16/2015 | -0.046489709 | -0.061468322 | 0.566926648 | 0.037192622 |
| 4/15/2015 | -0.032871642 | -0.051461832 | 0.567172664 | 0.047734711 |
| 5/16/2015 | -0.024301051 | -0.039422963 | 0.564794076 | 0.057664427 |
| 6/15/2015 | -0.028281474 | -0.042999202 | 0.571086802 | 0.057242919 |
| 7/16/2015 | -0.026463509 | -0.050823469 | 0.56603484 | 0.058309376 |
| 8/16/2015 | -0.02572741 | -0.049623945 | 0.558721771 | 0.052454437 |
| 9/15/2015 | -0.025529642 | -0.051801753 | 0.552988874 | 0.056220594 |
| 10/16/2015 | -0.025619977 | -0.055341946 | 0.552560531 | 0.058269101 |
| 11/15/2015 | -0.032480177 | -0.062133688 | 0.551978511 | 0.042867361 |
| 12/16/2015 | -0.041111063 | -0.068655126 | 0.553342842 | 0.029673554 |
| 1/16/2016 | -0.047640534 | -0.077226648 | 0.547038282 | 0.024470306 |
| 2/13/2016 | -0.049275358 | -0.077888389 | 0.53986092 | 0.030911579 |
| 3/16/2016 | -0.05245931 | -0.080492365 | 0.527782672 | 0.031973366 |
| 4/15/2016 | -0.041158733 | -0.068561599 | 0.515576322 | 0.032599556 |
| 5/16/2016 | -0.026839016 | -0.063069888 | 0.498530519 | 0.025873493 |
| 6/15/2016 | -0.000361511 | -0.064492098 | 0.48641205 | 0.026742905 |
| 7/16/2016 | 0.02599037 | -0.075940807 | 0.47323083 | 0.032578495 |
| 8/16/2016 | 0.04167284 | -0.081826916 | 0.462562009 | 0.039995259 |
| 9/15/2016 | 0.042245967 | -0.083224951 | 0.451305229 | 0.04462364 |
| 10/16/2016 | 0.024437553 | -0.081141979 | 0.436931071 | 0.060942416 |
| 11/15/2016 | 0.024884095 | -0.075199605 | 0.430433459 | 0.069786448 |
| 12/16/2016 | 0.026254372 | -0.074143949 | 0.422756908 | 0.079954804 |
| 1/16/2017 | 0.030130206 | -0.075301867 | 0.416914796 | 0.086581906 |
| 2/14/2017 | 0.027486403 | -0.07524486 | 0.400928023 | 0.088856752 |
| 3/16/2017 | 0.010484056 | -0.075519243 | 0.392515847 | 0.068972289 |
| 4/15/2017 | 0.017061713 | -0.071971729 | 0.385658495 | 0.051272287 |
| 5/16/2017 | 0.030781244 | -0.068294768 | 0.386585584 | 0.040405557 |
| 6/15/2017 | 0.031367027 | -0.065846407 | 0.383401376 | 0.034613748 |
| 7/16/2017 | 0.025469528 | -0.075632999 | 0.38204832 | 0.047371301 |
| 8/16/2017 | 0.023887409 | -0.084126889 | 0.381278917 | 0.051722791 |
| 9/15/2017 | 0.019474994 | -0.090187527 | 0.384457758 | 0.053034464 |
| 10/16/2017 | 0.025305013 | -0.092526712 | 0.388181529 | 0.058033897 |
| 11/15/2017 | 0.04725515 | -0.089456506 | 0.387293383 | 0.065097314 |
| 12/16/2017 | 0.091413408 | -0.073175843 | 0.385388965 | 0.065987096 |
| 1/16/2018 | 0.145847683 | -0.04751369 | 0.380766196 | 0.063353979 |
| 2/13/2018 | 0.176992884 | -0.039476898 | 0.38433655 | 0.059741147 |
| 3/16/2018 | 0.195634839 | -0.056493103 | 0.385431351 | 0.090694047 |
| 4/15/2018 | 0.197830882 | -0.067869534 | 0.411058202 | 0.085015061 |
| 5/16/2018 | 0.181677977 | -0.080256616 | 0.436148691 | 0.061744374 |
| 6/15/2018 | 0.181336428 | -0.088120956 | 0.461610478 | 0.010164331 |
| 7/16/2018 | 0.176250027 | -0.077086308 | 0.470747105 | -0.032591328 |
| 8/16/2018 | 0.144906286 | -0.097279313 | 0.475597636 | -0.050872055 |
| 9/15/2018 | 0.145986024 | -0.090783767 | 0.481540634 | -0.042485311 |
| 10/16/2018 | 0.14237369 | -0.107231782 | 0.488527273 | -0.029463497 |
| 11/15/2018 | 0.142648405 | -0.110123932 | 0.497371913 | -0.033269376 |
| 12/16/2018 | 0.173264444 | -0.097489275 | 0.513610466 | -0.042240727 |
| 1/16/2019 | 0.172949886 | -0.100830041 | 0.528271484 | -0.047679146 |
| 2/13/2019 | 0.179684906 | -0.07826461 | 0.538567519 | -0.03953721 |
| 3/16/2019 | 0.194744867 | -0.037552531 | 0.542621454 | -0.01100424 |
| 4/15/2019 | 0.192848661 | -0.042566926 | 0.540619359 | -0.00113858 |
| 5/16/2019 | 0.187348683 | -0.048275213 | 0.53583073 | -0.009431487 |
| 6/15/2019 | 0.187268985 | -0.073878391 | 0.516668592 | -0.012369273 |
| 7/16/2019 | 0.188026452 | -0.081654038 | 0.490366669 | -0.016293885 |
| 8/16/2019 | 0.181642098 | -0.081516459 | 0.468029793 | 0.001372494 |
| 9/15/2019 | 0.176876087 | -0.073733647 | 0.443677383 | -0.034147002 |
| 10/16/2019 | 0.188176494 | -0.046057686 | 0.423930813 | -0.095484663 |
| 11/15/2019 | 0.174507607 | -0.052730439 | 0.389178409 | -0.143966705 |
| 12/16/2019 | 0.166167058 | -0.065329375 | 0.352351148 | -0.13503558 |
| 1/16/2020 | 0.149184702 | -0.078068534 | 0.310814995 | -0.14735434 |
| 2/13/2020 | 0.194694212 | -0.070408093 | 0.299666432 | -0.140727989 |
| 3/16/2020 | 0.175683844 | -0.074061196 | 0.31652478 | -0.136229053 |
| 4/15/2020 | 0.203079256 | -0.031651313 | 0.324250848 | -0.120802574 |
| 5/16/2020 | 0.321446818 | 0.078441138 | 0.375839174 | -0.005424691 |
| 6/15/2020 | 0.378122229 | 0.107577977 | 0.414652692 | 0.023545027 |
| 7/16/2020 | 0.365313941 | 0.107189437 | 0.473408655 | -0.005557466 |
| 8/16/2020 | 0.340825016 | 0.149736888 | 0.502494929 | -0.050435354 |
| 9/15/2020 | 0.300454123 | 0.138618687 | 0.512240168 | -0.080931103 |
| 10/16/2020 | 0.30700518 | 0.138448021 | 0.448105837 | -0.076871847 |
| 11/15/2020 | 0.31254157 | 0.154463145 | 0.407097108 | -0.079379473 |
| 12/16/2020 | 0.318983194 | 0.163805995 | 0.392338029 | -0.077602842 |
| 1/16/2021 | 0.309968738 | 0.175405673 | 0.375412092 | -0.082108343 |
| 2/14/2021 | 0.309728981 | 0.18496557 | 0.368252431 | -0.077945963 |
| 3/16/2021 | 0.309902843 | 0.189519403 | 0.345147642 | -0.08129508 |
| 4/15/2021 | 0.301152311 | 0.206588638 | 0.328282344 | -0.0937911 |
| 5/16/2021 | 0.340843089 | 0.234958252 | 0.344114693 | -0.110984152 |
| 6/15/2021 | 0.395935448 | 0.344311052 | 0.409465882 | -0.132851955 |
| 7/16/2021 | 0.429477894 | 0.399392184 | 0.48114743 | -0.150430819 |
| 8/16/2021 | 0.46310804 | 0.444134845 | 0.513050203 | -0.150249579 |
| 9/15/2021 | 0.466907974 | 0.450431661 | 0.526592077 | -0.163071371 |
| 10/16/2021 | 0.482781178 | 0.454713106 | 0.529283435 | -0.176303286 |
| 11/15/2021 | 0.498992497 | 0.451756993 | 0.533801962 | -0.170567682 |
| 12/16/2021 | 0.525898681 | 0.477070752 | 0.55648166 | -0.163948891 |
| 1/16/2022 | 0.56398671 | 0.503940541 | 0.581571866 | -0.164112644 |
| 2/13/2022 | 0.598724451 | 0.523372007 | 0.608096229 | -0.15401609 |
| 3/16/2022 | 0.612807 | 0.523804194 | 0.635324502 | -0.145194216 |
| 4/15/2022 | 0.625135287 | 0.506625216 | 0.678960759 | -0.137527722 |
| 5/16/2022 | 0.632089591 | 0.477140433 | 0.715607947 | -0.087212432 |
| 6/15/2022 | 0.656470913 | 0.476979457 | 0.731453775 | -0.003750639 |
| 7/16/2022 | 0.680886286 | 0.487228718 | 0.718904739 | 0.053564696 |
| 8/16/2022 | 0.691431715 | 0.489887735 | 0.693418816 | 0.084802406 |
| 9/15/2022 | 0.700344106 | 0.488941839 | 0.679446326 | 0.105328235 |
| 10/16/2022 | 0.700982801 | 0.488090744 | 0.670408504 | 0.104985723 |
| 11/15/2022 | 0.704451489 | 0.484679105 | 0.684013362 | 0.103878497 |
| 12/16/2022 | 0.70566273 | 0.47978238 | 0.695130712 | 0.103151932 |
| 1/16/2023 | 0.7080456 | 0.479752907 | 0.708200704 | 0.099944443 |
| 2/13/2023 | 0.710438371 | 0.480009329 | 0.710026078 | 0.097138282 |
| 3/16/2023 | 0.712563878 | 0.480415408 | 0.708858326 | 0.098031026 |
| 4/15/2023 | 0.716571224 | 0.481523115 | 0.710083523 | 0.099617212 |
| 5/16/2023 | 0.715390485 | 0.480980785 | 0.714062432 | 0.100327329 |
| 6/15/2023 | 0.712799498 | 0.481489629 | 0.717008315 | 0.099875413 |
| 7/16/2023 | 0.712366354 | 0.481897874 | 0.719334682 | 0.10075786 |
| 8/16/2023 | 0.711774384 | 0.476938185 | 0.7141153 | 0.09757855 |
| 9/15/2023 | 0.712705498 | 0.476409696 | 0.710985318 | 0.08447097 |
| 10/16/2023 | 0.711883423 | 0.478231888 | 0.696377812 | 0.079267759 |
| 11/15/2023 | 0.711241312 | 0.483486101 | 0.693964612 | 0.081982397 |
| 12/16/2023 | 0.710304581 | 0.482376763 | 0.687267606 | 0.085822128 |
| 1/16/2024 | 0.709454499 | 0.482340972 | 0.69173779 | 0.066900183 |
| 2/13/2024 | 0.706228293 | 0.488663747 | 0.694678396 | 0.0422041 |
U.K. and U.S.
10-year correlation
| Period | Core CPI | Core Goods CPI | Housing CPI | Core Services ex. Housing CPI |
|---|---|---|---|---|
| 1/16/2010 | -0.094639579 | 0.399720001 | 0.349956581 | 0.030635073 |
| 2/13/2010 | -0.124139142 | 0.403777927 | 0.359975832 | 0.012709704 |
| 3/16/2010 | -0.146671395 | 0.408413159 | 0.353965738 | 0.008974591 |
| 4/15/2010 | -0.162221245 | 0.387161756 | 0.402449981 | 0.001514437 |
| 5/16/2010 | -0.165637545 | 0.367691627 | 0.457766785 | 0.006153628 |
| 6/15/2010 | -0.180331017 | 0.353663289 | 0.504781556 | 0.006223928 |
| 7/16/2010 | -0.178764952 | 0.35779646 | 0.508380786 | 0.003012962 |
| 8/16/2010 | -0.180227053 | 0.360704151 | 0.513420785 | -0.00998398 |
| 9/15/2010 | -0.174054404 | 0.371195995 | 0.519828079 | 0.014536176 |
| 10/16/2010 | -0.181612935 | 0.371817065 | 0.521388181 | 0.027517008 |
| 11/15/2010 | -0.189346141 | 0.373904867 | 0.523166768 | 0.065968726 |
| 12/16/2010 | -0.201227798 | 0.374187972 | 0.525738377 | 0.043038308 |
| 1/16/2011 | -0.186867044 | 0.39881321 | 0.524616526 | 0.040219426 |
| 2/13/2011 | -0.168166377 | 0.413546267 | 0.522572164 | 0.034271264 |
| 3/16/2011 | -0.155461521 | 0.42650633 | 0.517565853 | 0.034667968 |
| 4/15/2011 | -0.160200254 | 0.434365412 | 0.509929466 | 0.005388259 |
| 5/16/2011 | -0.162051295 | 0.445924627 | 0.499882003 | 0.008196656 |
| 6/15/2011 | -0.171030655 | 0.444798729 | 0.488580415 | -0.004351851 |
| 7/16/2011 | -0.17787341 | 0.439226506 | 0.489609021 | 0.007197627 |
| 8/16/2011 | -0.173851629 | 0.438997662 | 0.492044762 | -0.011277298 |
| 9/15/2011 | -0.159861908 | 0.44730044 | 0.495408425 | -0.014741946 |
| 10/16/2011 | -0.154524814 | 0.453336766 | 0.497222842 | -0.004581984 |
| 11/15/2011 | -0.136515852 | 0.462821681 | 0.498098998 | 0.041595054 |
| 12/16/2011 | -0.124856198 | 0.464091407 | 0.497979617 | 0.04373344 |
| 1/16/2012 | -0.124574159 | 0.463702793 | 0.48973407 | 0.04347949 |
| 2/13/2012 | -0.123812826 | 0.461520901 | 0.483141216 | 0.039023416 |
| 3/16/2012 | -0.123647474 | 0.457188558 | 0.477329438 | 0.035084004 |
| 4/15/2012 | -0.122502044 | 0.452789526 | 0.475632805 | 0.038518353 |
| 5/16/2012 | -0.121757228 | 0.449257729 | 0.473744053 | 0.035119943 |
| 6/15/2012 | -0.121595123 | 0.446356759 | 0.469695095 | 0.03588171 |
| 7/16/2012 | -0.121654428 | 0.441665831 | 0.468933268 | 0.024803109 |
| 8/16/2012 | -0.121751591 | 0.443430633 | 0.475517017 | -0.000360124 |
| 9/15/2012 | -0.119876077 | 0.428763264 | 0.479978584 | 0.013810205 |
| 10/16/2012 | -0.118936217 | 0.421347097 | 0.47961444 | -0.001787348 |
| 11/15/2012 | -0.118115615 | 0.422699518 | 0.478255851 | -0.01167054 |
| 12/16/2012 | -0.117255336 | 0.414691218 | 0.477696544 | -0.04148321 |
| 1/16/2013 | -0.11838436 | 0.409530046 | 0.478512529 | -0.044402885 |
| 2/14/2013 | -0.121784875 | 0.405490854 | 0.475830689 | -0.051695778 |
| 3/16/2013 | -0.132933214 | 0.403100979 | 0.468394818 | -0.040461364 |
| 4/15/2013 | -0.144982913 | 0.393860025 | 0.460037834 | -0.010841211 |
| 5/16/2013 | -0.166331764 | 0.38069349 | 0.457914216 | -0.010786364 |
| 6/15/2013 | -0.178155879 | 0.37020764 | 0.457149317 | 0.035036045 |
| 7/16/2013 | -0.179681928 | 0.364890595 | 0.457131622 | 0.047002707 |
| 8/16/2013 | -0.186769572 | 0.36492898 | 0.456725184 | 0.030624304 |
| 9/15/2013 | -0.182670177 | 0.368008842 | 0.454792516 | 0.023645679 |
| 10/16/2013 | -0.186363479 | 0.370338456 | 0.452553575 | 0.024464059 |
| 11/15/2013 | -0.198266674 | 0.352998282 | 0.447078122 | 0.022276596 |
| 12/16/2013 | -0.213573186 | 0.341199521 | 0.440603615 | 0.039356391 |
| 1/16/2014 | -0.216729705 | 0.336700608 | 0.431638739 | 0.054845206 |
| 2/13/2014 | -0.212374428 | 0.333783368 | 0.428592637 | 0.066247781 |
| 3/16/2014 | -0.207268652 | 0.330246092 | 0.423947039 | 0.074829298 |
| 4/15/2014 | -0.195986388 | 0.326981807 | 0.427214608 | 0.071830217 |
| 5/16/2014 | -0.186537973 | 0.328668056 | 0.437960889 | 0.067970715 |
| 6/15/2014 | -0.182947864 | 0.324835645 | 0.440975241 | 0.068919693 |
| 7/16/2014 | -0.182901474 | 0.319682996 | 0.440346061 | 0.083152817 |
| 8/16/2014 | -0.188134852 | 0.309328489 | 0.440575909 | 0.093167504 |
| 9/15/2014 | -0.183011408 | 0.306468255 | 0.43566128 | 0.10525437 |
| 10/16/2014 | -0.176657475 | 0.316097825 | 0.434315958 | 0.110071846 |
| 11/15/2014 | -0.165629838 | 0.347357489 | 0.435495639 | 0.116326519 |
| 12/16/2014 | -0.153773859 | 0.35905136 | 0.441914274 | 0.124046833 |
| 1/16/2015 | -0.145657215 | 0.364378032 | 0.436605416 | 0.12266526 |
| 2/13/2015 | -0.138532382 | 0.367338216 | 0.428483408 | 0.125570026 |
| 3/16/2015 | -0.135214877 | 0.370699322 | 0.423587957 | 0.116735943 |
| 4/15/2015 | -0.139704722 | 0.355862182 | 0.410840694 | 0.119026028 |
| 5/16/2015 | -0.147679821 | 0.35333972 | 0.419257897 | 0.112970747 |
| 6/15/2015 | -0.156532767 | 0.352061176 | 0.454562933 | 0.110929172 |
| 7/16/2015 | -0.153592149 | 0.348719997 | 0.458285037 | 0.116519111 |
| 8/16/2015 | -0.15555345 | 0.336130925 | 0.46440354 | 0.126038183 |
| 9/15/2015 | -0.157738026 | 0.336769169 | 0.486545171 | 0.121719693 |
| 10/16/2015 | -0.154257513 | 0.343040824 | 0.488807585 | 0.123281532 |
| 11/15/2015 | -0.144307027 | 0.352582744 | 0.489063309 | 0.139098235 |
| 12/16/2015 | -0.130496271 | 0.355122647 | 0.493245508 | 0.153577255 |
| 1/16/2016 | -0.126948439 | 0.358023244 | 0.48863905 | 0.155520341 |
| 2/13/2016 | -0.127324402 | 0.357359604 | 0.477490583 | 0.159259866 |
| 3/16/2016 | -0.122180311 | 0.362915324 | 0.470991867 | 0.155423322 |
| 4/15/2016 | -0.122064321 | 0.362479688 | 0.442472342 | 0.14639962 |
| 5/16/2016 | -0.109606075 | 0.373476672 | 0.418283275 | 0.1441339 |
| 6/15/2016 | -0.108943993 | 0.380459745 | 0.376634326 | 0.136479792 |
| 7/16/2016 | -0.098146026 | 0.383050355 | 0.345439761 | 0.143154913 |
| 8/16/2016 | -0.093883571 | 0.383045535 | 0.31899263 | 0.146022875 |
| 9/15/2016 | -0.098556661 | 0.382586048 | 0.298103163 | 0.149876845 |
| 10/16/2016 | -0.10443837 | 0.38244669 | 0.289602179 | 0.166425599 |
| 11/15/2016 | -0.105830378 | 0.366924066 | 0.272764926 | 0.203596676 |
| 12/16/2016 | -0.105799536 | 0.361052948 | 0.25895548 | 0.206831156 |
| 1/16/2017 | -0.104264945 | 0.355795158 | 0.241304934 | 0.202300864 |
| 2/14/2017 | -0.096104717 | 0.355087855 | 0.221428295 | 0.208564575 |
| 3/16/2017 | -0.09787528 | 0.353852906 | 0.209379529 | 0.222910409 |
| 4/15/2017 | -0.108193573 | 0.345567248 | 0.191912798 | 0.188851041 |
| 5/16/2017 | -0.124408625 | 0.324828127 | 0.1832045 | 0.190616635 |
| 6/15/2017 | -0.12925687 | 0.312811377 | 0.162936648 | 0.176233426 |
| 7/16/2017 | -0.128067161 | 0.297520001 | 0.154648434 | 0.183862624 |
| 8/16/2017 | -0.12541431 | 0.287616594 | 0.137382912 | 0.185412432 |
| 9/15/2017 | -0.118503325 | 0.273128992 | 0.118903208 | 0.194197577 |
| 10/16/2017 | -0.111861256 | 0.267322378 | 0.097787978 | 0.188331294 |
| 11/15/2017 | -0.108653508 | 0.265446253 | 0.08058913 | 0.197049316 |
| 12/16/2017 | -0.11741186 | 0.265880441 | 0.061968068 | 0.197505482 |
| 1/16/2018 | -0.106985347 | 0.27632822 | 0.041466633 | 0.210987981 |
| 2/13/2018 | -0.102068246 | 0.28102441 | 0.031116111 | 0.207092368 |
| 3/16/2018 | -0.098403317 | 0.281776196 | 0.018760445 | 0.194389724 |
| 4/15/2018 | -0.100853394 | 0.279852419 | 0.018131623 | 0.192848883 |
| 5/16/2018 | -0.102039098 | 0.276511586 | 0.013600356 | 0.184715128 |
| 6/15/2018 | -0.102655606 | 0.278371635 | 0.017682872 | 0.178422406 |
| 7/16/2018 | -0.107476805 | 0.290877751 | 0.012432018 | 0.161813687 |
| 8/16/2018 | -0.115211888 | 0.295235883 | 0.008563415 | 0.131417291 |
| 9/15/2018 | -0.120366051 | 0.293642174 | 0.006387767 | 0.098180904 |
| 10/16/2018 | -0.121421392 | 0.286832374 | 0.008519645 | 0.088484426 |
| 11/15/2018 | -0.128240694 | 0.278789192 | 0.007112155 | 0.096244256 |
| 12/16/2018 | -0.205696196 | 0.248639602 | 0.011280068 | 0.101561499 |
| 1/16/2019 | -0.246242267 | 0.246585121 | -0.001356611 | 0.102712082 |
| 2/13/2019 | -0.263179919 | 0.259637703 | -0.019466429 | 0.104305127 |
| 3/16/2019 | -0.274517184 | 0.232618527 | -0.024340157 | 0.120975872 |
| 4/15/2019 | -0.285419622 | 0.204528071 | -0.033898987 | 0.114809503 |
| 5/16/2019 | -0.282206849 | 0.205182328 | -0.040879455 | 0.111069785 |
| 6/15/2019 | -0.28016701 | 0.201986394 | -0.101485944 | 0.110031729 |
| 7/16/2019 | -0.266540593 | 0.187164911 | -0.101727064 | 0.111796949 |
| 8/16/2019 | -0.259555655 | 0.189400243 | -0.110416079 | 0.117335799 |
| 9/15/2019 | -0.257817324 | 0.183221629 | -0.089222718 | 0.12905838 |
| 10/16/2019 | -0.265391399 | 0.181254203 | -0.092594638 | 0.12887634 |
| 11/15/2019 | -0.270441978 | 0.190792033 | -0.090795181 | 0.115811992 |
| 12/16/2019 | -0.27676701 | 0.179670598 | -0.09201005 | 0.088283789 |
| 1/16/2020 | -0.248891181 | 0.168291613 | -0.122707801 | 0.079927904 |
| 2/13/2020 | -0.228199649 | 0.164919624 | -0.149008613 | 0.083551961 |
| 3/16/2020 | -0.206049445 | 0.166282981 | -0.140945985 | 0.073786161 |
| 4/15/2020 | -0.119336945 | 0.179203784 | -0.202822774 | 0.096525395 |
| 5/16/2020 | 0.077970733 | 0.230942379 | -0.243837613 | 0.162281465 |
| 6/15/2020 | 0.141083585 | 0.217285376 | -0.278643626 | 0.212765106 |
| 7/16/2020 | 0.153666167 | 0.21847586 | -0.290484173 | 0.197741497 |
| 8/16/2020 | 0.113464222 | 0.254774287 | -0.312838912 | 0.167308589 |
| 9/15/2020 | 0.086854786 | 0.236342026 | -0.340015305 | 0.153386592 |
| 10/16/2020 | 0.066636621 | 0.219695813 | -0.331538847 | 0.16541884 |
| 11/15/2020 | 0.073991129 | 0.200443788 | -0.310268078 | 0.168163317 |
| 12/16/2020 | 0.089082647 | 0.204512214 | -0.29817163 | 0.174602619 |
| 1/16/2021 | 0.096836399 | 0.198295595 | -0.270132397 | 0.167659893 |
| 2/14/2021 | 0.105397781 | 0.188266369 | -0.248020612 | 0.164276845 |
| 3/16/2021 | 0.108892113 | 0.176579828 | -0.218484872 | 0.157586076 |
| 4/15/2021 | 0.054762628 | 0.126400049 | -0.206929571 | 0.146563161 |
| 5/16/2021 | 0.12056129 | 0.212592086 | -0.193387947 | 0.129844101 |
| 6/15/2021 | 0.276964244 | 0.416456317 | -0.191096334 | 0.11612748 |
| 7/16/2021 | 0.376690103 | 0.501194948 | -0.193179376 | 0.104174397 |
| 8/16/2021 | 0.41089988 | 0.540202347 | -0.20142258 | 0.100523899 |
| 9/15/2021 | 0.415380371 | 0.545973116 | -0.198173968 | 0.098277034 |
| 10/16/2021 | 0.437612068 | 0.564373785 | -0.179932384 | 0.086119718 |
| 11/15/2021 | 0.49221843 | 0.594956566 | -0.135187992 | 0.08918341 |
| 12/16/2021 | 0.558805198 | 0.64423274 | -0.065192898 | 0.104847241 |
| 1/16/2022 | 0.605249054 | 0.67931681 | 0.013380555 | 0.113191696 |
| 2/13/2022 | 0.637486086 | 0.698826721 | 0.086407217 | 0.115656142 |
| 3/16/2022 | 0.64955622 | 0.692187001 | 0.136128419 | 0.147372646 |
| 4/15/2022 | 0.66170706 | 0.67581386 | 0.207738871 | 0.183634972 |
| 5/16/2022 | 0.671978167 | 0.667788455 | 0.284930568 | 0.214770615 |
| 6/15/2022 | 0.684428008 | 0.675652749 | 0.378528156 | 0.259255445 |
| 7/16/2022 | 0.696144823 | 0.679810252 | 0.442636049 | 0.285141996 |
| 8/16/2022 | 0.709218206 | 0.679082317 | 0.503214002 | 0.307429868 |
| 9/15/2022 | 0.722368525 | 0.679627203 | 0.561416689 | 0.328252287 |
| 10/16/2022 | 0.734775732 | 0.673792817 | 0.606773306 | 0.356544497 |
| 11/15/2022 | 0.742930304 | 0.663370831 | 0.643271911 | 0.379723331 |
| 12/16/2022 | 0.744783063 | 0.654385605 | 0.673262891 | 0.381801574 |
| 1/16/2023 | 0.747063865 | 0.643361544 | 0.681612674 | 0.377584148 |
| 2/13/2023 | 0.750966515 | 0.629328159 | 0.681789172 | 0.380392473 |
| 3/16/2023 | 0.752998428 | 0.614200433 | 0.685261607 | 0.381513997 |
| 4/15/2023 | 0.742655009 | 0.59109936 | 0.690573151 | 0.380502873 |
| 5/16/2023 | 0.737605558 | 0.586621965 | 0.685987933 | 0.361905871 |
| 6/15/2023 | 0.730818507 | 0.583787909 | 0.680222114 | 0.336328981 |
| 7/16/2023 | 0.725354556 | 0.583739637 | 0.679888787 | 0.317310163 |
| 8/16/2023 | 0.725085319 | 0.584182545 | 0.671264817 | 0.325356717 |
| 9/15/2023 | 0.724872874 | 0.583151092 | 0.668950969 | 0.330379741 |
| 10/16/2023 | 0.724390586 | 0.582709847 | 0.671566214 | 0.324408495 |
| 11/15/2023 | 0.723661633 | 0.585393401 | 0.67401012 | 0.32765224 |
| 12/16/2023 | 0.72251665 | 0.586737153 | 0.674176118 | 0.331015487 |
| 1/16/2024 | 0.719439552 | 0.587336844 | 0.678975395 | 0.318245879 |
| 2/13/2024 | 0.718783701 | 0.583826865 | 0.683525947 | 0.323046138 |
Note: Correlation values are calculated on a 10-year window ending on the date shown. Underlying data area 3m/3m percent changes at an annualized rate.
Source: Haver Analytics; FRB staff calculations.
Figure 8. 12-month inflation across economic sectors
12-month Core Goods Inflation
Percent Change
| Period | Canada | Euro area | United Kingdom | United States |
|---|---|---|---|---|
| 1/16/2019 | 0.528169014 | 0.198098257 | 1.339780397 | -0.30489028 |
| 2/13/2019 | 1.085043988 | 0.218080888 | 1.367108967 | -0.522452418 |
| 3/16/2019 | 1.23275609 | 0.218037661 | 1.397125339 | -0.702679404 |
| 4/15/2019 | 1.178762786 | 0.297206261 | 0.610671739 | -0.917578074 |
| 5/16/2019 | 1.894571513 | 0.37653587 | 0.640576519 | -0.862465731 |
| 6/15/2019 | 1.259027913 | 0.27728263 | 1.023993575 | -0.429404152 |
| 7/16/2019 | 1.446301182 | 0.208023774 | 1.358695652 | -0.516250854 |
| 8/16/2019 | 1.276678686 | 0.227745321 | 0.619876025 | -0.076644581 |
| 9/15/2019 | 1.942790198 | 0.346054973 | 0.669330669 | -0.216860665 |
| 10/16/2019 | 1.468157511 | 0.365757216 | 0.819918008 | -0.315349353 |
| 11/15/2019 | 2.048580626 | 0.464564594 | 0.687319454 | -0.514804405 |
| 12/16/2019 | 1.486591527 | 0.504201681 | 0.447984072 | -0.527723122 |
| 1/16/2020 | 2.052928585 | 0.227362594 | 0.626242545 | -0.8017786 |
| 2/14/2020 | 1.527898656 | 0.316518299 | 0.545418485 | -0.443543916 |
| 3/16/2020 | 1.140427177 | 0.573575949 | 0.356859635 | -0.624873814 |
| 4/15/2020 | 0.077026767 | 0.395100751 | 0.776119403 | -1.259341547 |
| 5/16/2020 | -0.385356455 | 0.296150049 | 0.397812034 | -1.564329256 |
| 6/15/2020 | 0.443373494 | 0.22713806 | 0.963927258 | -1.700841352 |
| 7/16/2020 | 0.529814083 | 1.492684856 | 1.419918578 | -0.958101969 |
| 8/16/2020 | 0.471516551 | -0.286504643 | 1.251987281 | -0.419850025 |
| 9/15/2020 | 0.038306838 | -0.206916938 | 1.190830604 | -0.462967643 |
| 10/16/2020 | 0.335377539 | -0.019698611 | 1.596747 | -0.540720826 |
| 11/15/2020 | 0.487525093 | -0.127902401 | 0.801345469 | -0.187341772 |
| 12/16/2020 | 0.698898995 | -0.432815267 | 1.565906838 | 0.080136333 |
| 1/16/2021 | 0.695967204 | 1.331492258 | 1.4422602 | 0.34378898 |
| 2/13/2021 | 0.714353748 | 0.788799053 | 0.532596903 | 0.017213272 |
| 3/16/2021 | 0.840898232 | 0.363815143 | 0.859344133 | 0.509950122 |
| 4/15/2021 | 2.251298826 | 0.531286895 | 1.15521327 | 2.415799863 |
| 5/16/2021 | 3.249516441 | 0.738188976 | 2.139673105 | 3.663337913 |
| 6/15/2021 | 2.706074273 | 1.211942063 | 2.667322835 | 4.299025185 |
| 7/16/2021 | 3.229206593 | 0.574656667 | 2.222439789 | 4.004036656 |
| 8/16/2021 | 3.658653386 | 2.407609234 | 3.10107949 | 3.927351597 |
| 9/15/2021 | 3.484587402 | 2.18206951 | 3.246052761 | 4.176949091 |
| 10/16/2021 | 3.562219463 | 2.098315437 | 3.406872316 | 5.225238042 |
| 11/15/2021 | 3.529299848 | 2.50221653 | 4.838551379 | 5.590219652 |
| 12/16/2021 | 3.964632059 | 3.072515313 | 5.12295082 | 6.225357537 |
| 1/16/2022 | 4.033327021 | 1.985594705 | 5.540948486 | 6.918925475 |
| 2/13/2022 | 4.217892945 | 2.885932303 | 7.024428529 | 7.642390006 |
| 3/16/2022 | 5.458163555 | 3.38003331 | 7.570267359 | 7.464904036 |
| 4/15/2022 | 5.052691005 | 3.826580544 | 7.467057101 | 6.317471414 |
| 5/16/2022 | 5.367178719 | 4.230581339 | 6.992532247 | 5.679132009 |
| 6/15/2022 | 5.718022984 | 4.332165109 | 6.164317899 | 5.664809191 |
| 7/16/2022 | 5.37454748 | 4.42572148 | 6.503208505 | 5.431789001 |
| 8/16/2022 | 5.109489051 | 4.972910217 | 6.424900057 | 5.547970588 |
| 9/15/2022 | 5.59666975 | 5.536766837 | 6.819908815 | 5.711528338 |
| 10/16/2022 | 5.569900406 | 6.107680432 | 6.589257057 | 4.61713778 |
| 11/15/2022 | 5.347790131 | 6.295050457 | 6.12244898 | 3.842421331 |
| 12/16/2022 | 5.176040238 | 6.594459887 | 5.541631857 | 3.108689637 |
| 1/16/2023 | 4.696032035 | 6.642489025 | 5.58221074 | 2.589987901 |
| 2/13/2023 | 4.754990926 | 6.636873633 | 5.72921441 | 2.203579524 |
| 3/16/2023 | 3.998562315 | 6.56747536 | 5.662782229 | 2.451824056 |
| 4/15/2023 | 4.08419167 | 6.183429164 | 6.857402361 | 2.454419928 |
| 5/16/2023 | 3.235843186 | 5.783652043 | 7.043147208 | 2.447379012 |
| 6/15/2023 | 2.942996023 | 5.505271998 | 6.709409427 | 1.657443147 |
| 7/16/2023 | 2.589852008 | 5.026430492 | 6.31294964 | 1.114612674 |
| 8/16/2023 | 2.865682138 | 4.64516129 | 5.858152223 | 0.470290397 |
| 9/15/2023 | 2.365308804 | 4.074345358 | 5.530855415 | 0.151234312 |
| 10/16/2023 | 1.755765199 | 3.491861417 | 5.127978036 | 0.284316441 |
| 11/15/2023 | 1.849105975 | 2.992766727 | 4.119618913 | 0.180431926 |
| 12/16/2023 | 2.191113816 | 2.62566316 | 4.371152155 | -0.084211695 |
| 1/16/2024 | 1.521210014 | 1.986754967 | 3.923796207 | -0.568495927 |
| 2/14/2024 | 0.84026334 | 1.533660276 | 3.155886943 | -0.384650778 |
| 3/16/2024 | 0.371522378 | 1.084926634 | 2.662415992 | -0.560879783 |
| 4/15/2024 | 0.146286894 | 0.852197071 | 1.427964301 | -0.58217357 |
| 5/16/2024 | 0.060277275 | 0.673460346 | 0.914556694 | -1.118175839 |
| 6/15/2024 | -0.549450549 | 0.63677368 | 0.770077008 |
12-month Services ex. Housing Inflation
Percent Change
| Period | Canada | Euro area | United Kingdom | United States |
|---|---|---|---|---|
| 1/16/2019 | 2.484881305 | 1.693314766 | 2.969855092 | 2.321283001 |
| 2/13/2019 | 1.928593793 | 1.367947545 | 2.897506297 | 2.162092692 |
| 3/16/2019 | 1.63466726 | 1.429759662 | 2.845821365 | 1.971200735 |
| 4/15/2019 | 2.0893052 | 1.708500942 | 3.403486134 | 2.11754594 |
| 5/16/2019 | 2.871841275 | 0.923060676 | 2.881132676 | 1.980683561 |
| 6/15/2019 | 3.129943614 | 1.617312587 | 2.860427922 | 1.948697938 |
| 7/16/2019 | 2.388635781 | 1.142001183 | 2.93067617 | 1.955123245 |
| 8/16/2019 | 2.646691132 | 1.359106567 | 2.694259045 | 1.94328056 |
| 9/15/2019 | 1.912459951 | 1.535491244 | 2.919801915 | 1.775898321 |
| 10/16/2019 | 1.669117928 | 1.588072877 | 2.92667964 | 1.836598216 |
| 11/15/2019 | 1.093501362 | 1.926577034 | 2.807945177 | 1.642524156 |
| 12/16/2019 | 0.989865404 | 1.867051788 | 2.454456847 | 1.707269503 |
| 1/16/2020 | 1.161931465 | 1.470372372 | 2.628292263 | 1.909399115 |
| 2/14/2020 | 1.982185733 | 1.548654508 | 2.88715256 | 1.969428879 |
| 3/16/2020 | 1.873598045 | 1.262711015 | 2.95721528 | 1.759272266 |
| 4/15/2020 | 1.578955518 | 1.081104073 | 2.21279321 | 1.02831475 |
| 5/16/2020 | 0.556064218 | 1.242422781 | 2.207753451 | 1.187774346 |
| 6/15/2020 | 0.636153708 | 1.211579179 | 1.987898297 | 1.235274918 |
| 7/16/2020 | -0.766710871 | 0.95651541 | 2.291707698 | 1.369838419 |
| 8/16/2020 | -0.908610338 | 0.651863822 | 0.536100663 | 1.509496961 |
| 9/15/2020 | 0.700254336 | 0.372988804 | 1.461869519 | 1.748069646 |
| 10/16/2020 | 0.334527969 | 0.240258323 | 1.240249603 | 1.615300047 |
| 11/15/2020 | 1.420479204 | 0.317838423 | 1.428194955 | 1.603039715 |
| 12/16/2020 | 0.721483697 | 0.517546438 | 1.533378998 | 1.768643532 |
| 1/16/2021 | 1.598006453 | 1.495307565 | 1.866700015 | 2.002627824 |
| 2/13/2021 | 0.577681826 | 1.128712089 | 1.679416586 | 2.253053998 |
| 3/16/2021 | 0.449518321 | 1.038358327 | 1.641156761 | 3.019368253 |
| 4/15/2021 | 1.009345192 | 0.879608119 | 1.665330678 | 3.921397995 |
| 5/16/2021 | 0.710451743 | 0.919413052 | 1.976166467 | 4.08008645 |
| 6/15/2021 | 0.037608164 | 0.598188609 | 2.339890034 | 4.246113228 |
| 7/16/2021 | 0.581433596 | 0.716750579 | 1.747049931 | 4.444905954 |
| 8/16/2021 | 1.018523075 | 1.107626223 | 3.664493564 | 4.40379824 |
| 9/15/2021 | 1.453048917 | 1.759810806 | 2.981067147 | 4.246132719 |
| 10/16/2021 | 1.809116169 | 2.140932599 | 3.772669381 | 4.403090705 |
| 11/15/2021 | 1.10717094 | 3.000827572 | 3.890232693 | 4.941135665 |
| 12/16/2021 | 1.358130514 | 2.688908111 | 3.980279497 | 5.037711434 |
| 1/16/2022 | 1.268197578 | 2.484186471 | 3.605237808 | 4.793482443 |
| 2/13/2022 | 1.70865521 | 2.649027167 | 3.837507221 | 4.714417744 |
| 3/16/2022 | 1.768848606 | 3.08140836 | 4.441213259 | 4.675599918 |
| 4/15/2022 | 1.623483378 | 3.426400219 | 5.190036165 | 4.585318577 |
| 5/16/2022 | 3.102034858 | 3.824290467 | 5.344250431 | 4.419883496 |
| 6/15/2022 | 3.94397012 | 3.759241505 | 5.710640376 | 4.516552844 |
| 7/16/2022 | 4.826710072 | 4.103601119 | 6.262053026 | 4.049347354 |
| 8/16/2022 | 4.705139148 | 4.157490075 | 6.551268463 | 4.313291368 |
| 9/15/2022 | 4.548269229 | 4.736102031 | 6.623481064 | 4.597915045 |
| 10/16/2022 | 3.724950452 | 4.745429518 | 6.633303529 | 4.782958378 |
| 11/15/2022 | 4.16432548 | 4.507998167 | 6.764912983 | 4.649910939 |
| 12/16/2022 | 4.084378519 | 4.826526106 | 7.465568354 | 4.497680958 |
| 1/16/2023 | 3.400900753 | 4.588573566 | 6.439507598 | 4.777592952 |
| 2/13/2023 | 3.668177867 | 5.194267626 | 7.361798409 | 4.776628708 |
| 3/16/2023 | 4.043954377 | 5.438451958 | 7.316788944 | 4.458236343 |
| 4/15/2023 | 3.727646507 | 5.631480112 | 7.34314773 | 4.404657029 |
| 5/16/2023 | 2.807244441 | 5.409151944 | 7.803639955 | 4.315530949 |
| 6/15/2023 | 2.166855082 | 5.989249305 | 7.628508901 | 4.05606128 |
| 7/16/2023 | 1.865029857 | 6.177082711 | 7.790797892 | 4.294740114 |
| 8/16/2023 | 1.338868329 | 6.009379427 | 6.960935754 | 3.889059761 |
| 9/15/2023 | 0.479086552 | 5.010676214 | 7.119883755 | 3.918847557 |
| 10/16/2023 | 1.44695422 | 4.863087694 | 6.658953342 | 3.571881222 |
| 11/15/2023 | 1.631912204 | 4.136050273 | 6.24170486 | 3.295121541 |
| 12/16/2023 | 0.884424738 | 4.180636416 | 6.453104712 | 3.087074901 |
| 1/16/2024 | 1.005724608 | 4.14825306 | 6.621444868 | 3.432266124 |
| 2/14/2024 | 0.847875373 | 4.208955973 | 5.983923529 | 3.289068419 |
| 3/16/2024 | 1.216811665 | 3.924505106 | 5.78055209 | 3.436516796 |
| 4/15/2024 | 1.131857482 | 4.120452509 | 5.654422048 | 3.410503578 |
| 5/16/2024 | 2.129700138 | 4.368241992 | 5.458327735 | 3.335310821 |
| 6/15/2024 | 2.601858459 | 4.354250165 | 5.380671511 |
12-month Housing Inflation
Percent Change
| Period | Canada | Euro area | United Kingdom | United States |
|---|---|---|---|---|
| 1/16/2019 | 2.629140607 | 1.16872558 | 0.966090233 | 3.262245689 |
| 2/13/2019 | 2.646939837 | 1.223401431 | 0.868390583 | 3.369707893 |
| 3/16/2019 | 2.783070616 | 1.222521796 | 0.954308849 | 3.407492773 |
| 4/15/2019 | 2.655682931 | 1.300767775 | 1.002409639 | 3.446362335 |
| 5/16/2019 | 2.551577496 | 1.294780828 | 1.049792931 | 3.427883355 |
| 6/15/2019 | 2.472322607 | 1.46057895 | 1.155624037 | 3.505134664 |
| 7/16/2019 | 2.460798901 | 1.517541337 | 1.048581049 | 3.464796623 |
| 8/16/2019 | 2.484578478 | 1.542541772 | 1.057285659 | 3.415996533 |
| 9/15/2019 | 2.433048433 | 1.535943231 | 0.959508732 | 3.4758793 |
| 10/16/2019 | 2.762273607 | 1.520416439 | 1.035871859 | 3.38466551 |
| 11/15/2019 | 2.659090909 | 1.524299826 | 1.140830218 | 3.316394758 |
| 12/16/2019 | 2.664097041 | 1.54346472 | 1.159114858 | 3.332348653 |
| 1/16/2020 | 2.353007561 | 1.555530719 | 1.071667783 | 3.393938242 |
| 2/14/2020 | 2.38725297 | 1.423267446 | 1.157451693 | 3.337566097 |
| 3/16/2020 | 2.353800348 | 1.445290602 | 1.183996945 | 3.264041707 |
| 4/15/2020 | 2.306397306 | 1.332078825 | 1.068804275 | 3.106618858 |
| 5/16/2020 | 1.950126086 | 1.293856337 | 1.038886771 | 3.09363528 |
| 6/15/2020 | 1.981639051 | 1.295815605 | 1.056740289 | 2.86414946 |
| 7/16/2020 | 1.742627346 | 1.194514329 | 1.285224676 | 2.815691693 |
| 8/16/2020 | 1.839157332 | 1.172481198 | 1.303024539 | 2.695982567 |
| 9/15/2020 | 1.885742894 | 1.153051995 | 1.321041627 | 2.50192706 |
| 10/16/2020 | 1.889929613 | 1.099948782 | 1.291057528 | 2.505445613 |
| 11/15/2020 | 1.97586894 | 1.127075928 | 1.232227488 | 2.296512703 |
| 12/16/2020 | 1.799911661 | 1.116290088 | 1.25 | 2.189269444 |
| 1/16/2021 | 1.868901262 | 1.226471695 | 1.353782069 | 2.03147406 |
| 2/13/2021 | 1.748693979 | 1.298469002 | 1.361702128 | 2.039468858 |
| 3/16/2021 | 1.926454446 | 1.303411018 | 1.302255355 | 2.006640021 |
| 4/15/2021 | 2.22697603 | 1.416130922 | 1.321877065 | 2.033626025 |
| 5/16/2021 | 3.144066399 | 1.453410961 | 1.40552778 | 2.093730647 |
| 6/15/2021 | 3.88626633 | 1.459520317 | 1.394253415 | 2.299404903 |
| 7/16/2021 | 4.353315766 | 1.488601353 | 1.165523075 | 2.366294379 |
| 8/16/2021 | 4.339736223 | 1.591554424 | 1.173598723 | 2.506415662 |
| 9/15/2021 | 4.48787945 | 1.692253672 | 1.29443767 | 2.840420038 |
| 10/16/2021 | 4.270017406 | 1.814333789 | 1.471415183 | 3.076283141 |
| 11/15/2021 | 4.363636364 | 1.809545905 | 1.685393258 | 3.451485793 |
| 12/16/2021 | 5.060201757 | 1.833833206 | 2.001496446 | 3.708082157 |
| 1/16/2022 | 5.368546379 | 1.850598396 | 2.475247525 | 4.01989225 |
| 2/13/2022 | 5.75582338 | 1.989928768 | 2.556208602 | 4.265223956 |
| 3/16/2022 | 6.294760648 | 2.114032727 | 2.692128551 | 4.493817862 |
| 4/15/2022 | 6.846595482 | 2.292908258 | 3.233622216 | 4.768038932 |
| 5/16/2022 | 6.480149214 | 2.470827921 | 3.330232558 | 5.08996191 |
| 6/15/2022 | 6.034027264 | 2.615345144 | 3.549196321 | 5.510340227 |
| 7/16/2022 | 5.94455258 | 2.859622787 | 4.032332993 | 5.900510928 |
| 8/16/2022 | 5.884821148 | 2.912216487 | 4.296585004 | 6.356100884 |
| 9/15/2022 | 5.998536942 | 2.984345715 | 4.500416705 | 6.761757088 |
| 10/16/2022 | 6.260107465 | 3.229752939 | 4.784335458 | 6.993595929 |
| 11/15/2022 | 6.537001404 | 3.372049004 | 4.880294659 | 7.273712074 |
| 12/16/2022 | 6.349698002 | 3.435539514 | 4.813863928 | 7.692240757 |
| 1/16/2023 | 6.384180791 | 3.750921888 | 4.511894996 | 7.924822449 |
| 2/13/2023 | 6.265331153 | 3.921424746 | 4.602929137 | 8.169421986 |
| 3/16/2023 | 5.663627153 | 3.949991755 | 4.780478955 | 8.204696979 |
| 4/15/2023 | 5.353286798 | 3.84865052 | 5.5695974 | 8.267017316 |
| 5/16/2023 | 5.455182423 | 3.838824755 | 5.545552755 | 8.186980621 |
| 6/15/2023 | 5.471397249 | 3.826154489 | 5.56303275 | 7.931208902 |
| 7/16/2023 | 5.769899201 | 3.732590537 | 6.38563901 | 7.740308909 |
| 8/16/2023 | 6.340400238 | 3.780201028 | 6.263902482 | 7.419360205 |
| 9/15/2023 | 6.467514542 | 3.737673856 | 6.264953478 | 7.152111305 |
| 10/16/2023 | 7.03520055 | 3.566784963 | 6.064345527 | 6.920188255 |
| 11/15/2023 | 6.931563019 | 3.524943198 | 6.136962248 | 6.702336452 |
| 12/16/2023 | 6.931702345 | 3.555233941 | 6.158691278 | 6.309742164 |
| 1/16/2024 | 6.97629508 | 3.344575718 | 6.41025641 | 6.129524115 |
| 2/14/2024 | 7.04049245 | 3.233472746 | 6.731020089 | 5.846401479 |
| 3/16/2024 | 7.215456899 | 3.228573789 | 6.882520994 | 5.789619761 |
| 4/15/2024 | 6.935506936 | 3.218413198 | 6.737922189 | 5.638101547 |
| 5/16/2024 | 6.890987613 | 3.107344384 | 6.883316274 | 5.536899587 |
| 6/15/2024 | 6.888405934 | 3.114601043 | 7.054823629 |
Source: Haver Analytics; FRB staff calculations.
Figure 9. Bilateral Correlation of Inflation Momentum
Cross-Country Average
5-year correlation
| Period | Core CPI | Core Goods CPI | Housing CPI | Core Services ex. Housing CPI |
|---|---|---|---|---|
| 1/16/2010 | 0.009601703 | 0.012856449 | 0.493940667 | 0.149989754 |
| 2/13/2010 | -0.004285485 | 0.014468184 | 0.515003606 | 0.122209649 |
| 3/16/2010 | 0.001529474 | 0.007730225 | 0.531745627 | 0.124990503 |
| 4/15/2010 | -0.004424555 | -0.007567692 | 0.553477283 | 0.127740757 |
| 5/16/2010 | 0.009739131 | -0.013658317 | 0.564334262 | 0.136446419 |
| 6/15/2010 | -0.005531696 | -0.016750857 | 0.580463694 | 0.125975185 |
| 7/16/2010 | -0.008287556 | -0.017341976 | 0.578581504 | 0.121352131 |
| 8/16/2010 | -0.014327286 | -0.013358841 | 0.571833107 | 0.110555717 |
| 9/15/2010 | -0.013296747 | -0.011541778 | 0.58461032 | 0.116418744 |
| 10/16/2010 | -0.012490533 | -0.009677503 | 0.590023905 | 0.114335152 |
| 11/15/2010 | -0.011064848 | -0.01198136 | 0.584903675 | 0.116964665 |
| 12/16/2010 | -0.011965965 | -0.011386338 | 0.592451692 | 0.106938795 |
| 1/16/2011 | -0.007958058 | -0.007938123 | 0.591687926 | 0.10743203 |
| 2/13/2011 | -0.008240579 | -0.018459547 | 0.586760765 | 0.098467341 |
| 3/16/2011 | 0.004483364 | -0.015876122 | 0.577921023 | 0.10367203 |
| 4/15/2011 | 0.015916555 | -0.004317563 | 0.572902102 | 0.105969817 |
| 5/16/2011 | 0.026953148 | 0.066153177 | 0.570953285 | 0.102316861 |
| 6/15/2011 | 0.031225228 | 0.063559707 | 0.566817841 | 0.101903639 |
| 7/16/2011 | 0.034962976 | 0.054926806 | 0.55601473 | 0.114970249 |
| 8/16/2011 | 0.027070338 | 0.047843368 | 0.541566303 | 0.106132326 |
| 9/15/2011 | 0.041093999 | 0.07423636 | 0.526631492 | 0.101946737 |
| 10/16/2011 | 0.049512326 | 0.121882256 | 0.519306731 | 0.097884231 |
| 11/15/2011 | 0.047488167 | 0.151522055 | 0.511712383 | 0.097432015 |
| 12/16/2011 | 0.04408967 | 0.153785811 | 0.504559112 | 0.10166334 |
| 1/16/2012 | 0.040562503 | 0.158179405 | 0.494215419 | 0.107116206 |
| 2/13/2012 | 0.029895695 | 0.159695432 | 0.47384037 | 0.108479564 |
| 3/16/2012 | 0.019534281 | 0.164175889 | 0.45430795 | 0.107051961 |
| 4/15/2012 | 0.022591985 | 0.166781387 | 0.434473994 | 0.103685904 |
| 5/16/2012 | 0.027489037 | 0.164155153 | 0.419877758 | 0.108784387 |
| 6/15/2012 | 0.030695057 | 0.16146261 | 0.397872166 | 0.115673235 |
| 7/16/2012 | 0.045962276 | 0.164482693 | 0.386096994 | 0.124850346 |
| 8/16/2012 | 0.061526939 | 0.172475427 | 0.366681104 | 0.124919172 |
| 9/15/2012 | 0.065285698 | 0.164845643 | 0.352158871 | 0.131984353 |
| 10/16/2012 | 0.067946335 | 0.157164094 | 0.323952566 | 0.126737148 |
| 11/15/2012 | 0.080403486 | 0.160325466 | 0.296072089 | 0.129478982 |
| 12/16/2012 | 0.088123674 | 0.165922808 | 0.263579091 | 0.13091333 |
| 1/16/2013 | 0.101365853 | 0.178362168 | 0.264611106 | 0.138067442 |
| 2/14/2013 | 0.104699944 | 0.17233809 | 0.260660334 | 0.134876713 |
| 3/16/2013 | 0.115852478 | 0.15624025 | 0.255624074 | 0.133352326 |
| 4/15/2013 | 0.120019324 | 0.140013663 | 0.231682777 | 0.155979881 |
| 5/16/2013 | 0.127695821 | 0.116140064 | 0.212996614 | 0.138768457 |
| 6/15/2013 | 0.150865129 | 0.118147992 | 0.198940149 | 0.150531809 |
| 7/16/2013 | 0.141184247 | 0.117576674 | 0.191453571 | 0.111926648 |
| 8/16/2013 | 0.126609116 | 0.123855856 | 0.190519435 | 0.073060683 |
| 9/15/2013 | 0.120976079 | 0.123243915 | 0.18358929 | 0.053140514 |
| 10/16/2013 | 0.125942834 | 0.116122902 | 0.150462267 | 0.052523072 |
| 11/15/2013 | 0.127603701 | 0.11349245 | 0.104262508 | 0.050226308 |
| 12/16/2013 | 0.135842008 | 0.125799505 | 0.091649055 | 0.066019685 |
| 1/16/2014 | 0.133532964 | 0.14212755 | 0.107545681 | 0.057433867 |
| 2/13/2014 | 0.129965572 | 0.133002567 | 0.123278718 | 0.071307847 |
| 3/16/2014 | 0.134723372 | 0.150777005 | 0.129066451 | 0.059397942 |
| 4/15/2014 | 0.129384058 | 0.143789463 | 0.147220784 | 0.06296139 |
| 5/16/2014 | 0.121859084 | 0.147724789 | 0.156637165 | 0.065001096 |
| 6/15/2014 | 0.110251577 | 0.132847612 | 0.147336356 | 0.058429456 |
| 7/16/2014 | 0.110982612 | 0.124572397 | 0.151375393 | 0.071688572 |
| 8/16/2014 | 0.104995069 | 0.126513009 | 0.139129569 | 0.073997564 |
| 9/15/2014 | 0.103180677 | 0.131899978 | 0.145723208 | 0.08489775 |
| 10/16/2014 | 0.098232948 | 0.137227722 | 0.136716729 | 0.080675703 |
| 11/15/2014 | 0.093367142 | 0.151297628 | 0.121443104 | 0.065528314 |
| 12/16/2014 | 0.088670756 | 0.141334828 | 0.108979021 | 0.058072177 |
| 1/16/2015 | 0.094297922 | 0.137954179 | 0.074468511 | 0.052326417 |
| 2/13/2015 | 0.105724557 | 0.145016493 | 0.049091553 | 0.052435886 |
| 3/16/2015 | 0.102782451 | 0.132647435 | 0.044664623 | 0.054312889 |
| 4/15/2015 | 0.096667324 | 0.12366111 | 0.030467031 | 0.052265597 |
| 5/16/2015 | 0.080242218 | 0.11730133 | 0.026763482 | 0.050791074 |
| 6/15/2015 | 0.087593741 | 0.119968414 | 0.026195361 | 0.042875535 |
| 7/16/2015 | 0.093031516 | 0.119058148 | 0.045109497 | 0.04205976 |
| 8/16/2015 | 0.097492406 | 0.117484851 | 0.064328804 | 0.039881232 |
| 9/15/2015 | 0.093373542 | 0.115108729 | 0.064234006 | 0.044448327 |
| 10/16/2015 | 0.092838158 | 0.115678804 | 0.047764526 | 0.044522481 |
| 11/15/2015 | 0.091926519 | 0.117077017 | 0.040133069 | 0.044728123 |
| 12/16/2015 | 0.101315682 | 0.11732891 | 0.041966409 | 0.036271065 |
| 1/16/2016 | 0.10822929 | 0.123119965 | 0.04465602 | 0.038699864 |
| 2/13/2016 | 0.117645282 | 0.141285439 | 0.044031293 | 0.036348094 |
| 3/16/2016 | 0.117967657 | 0.139527125 | 0.053641564 | 0.016174232 |
| 4/15/2016 | 0.11192951 | 0.129770065 | 0.045783114 | -0.007384125 |
| 5/16/2016 | 0.102392621 | 0.076414931 | 0.044331195 | -0.006380199 |
| 6/15/2016 | 0.093480774 | 0.089337909 | 0.021789082 | -0.00728413 |
| 7/16/2016 | 0.106016386 | 0.117607965 | 0.012756997 | -0.000857239 |
| 8/16/2016 | 0.122511326 | 0.153834987 | -0.000395859 | -0.007169283 |
| 9/15/2016 | 0.084132497 | 0.105817698 | -0.004976471 | -0.017009121 |
| 10/16/2016 | 0.053568825 | 0.044400019 | -0.004870252 | 0.004721102 |
| 11/15/2016 | 0.044602065 | -0.018495528 | -0.029979826 | 0.019851682 |
| 12/16/2016 | 0.046619162 | -0.016069183 | -0.029012491 | 0.019691925 |
| 1/16/2017 | 0.043209281 | -0.016865621 | -0.027416606 | 0.008527771 |
| 2/14/2017 | 0.062355724 | -0.007831206 | -0.022300218 | 0.018261513 |
| 3/16/2017 | 0.057647071 | -0.011866652 | -0.0134593 | 0.00789929 |
| 4/15/2017 | 0.029316213 | -0.031651584 | -0.008331682 | -0.012729944 |
| 5/16/2017 | 0.006280546 | -0.043205379 | -0.018681058 | -0.022113131 |
| 6/15/2017 | 0.002779335 | -0.034784405 | -0.022910358 | -0.018211311 |
| 7/16/2017 | -0.003250572 | -0.039525308 | -0.01438779 | -0.006039211 |
| 8/16/2017 | -0.013510007 | -0.060471365 | -0.005572324 | -0.004404632 |
| 9/15/2017 | -0.005669316 | -0.070144301 | 0.000262606 | 0.001333951 |
| 10/16/2017 | -0.011182455 | -0.077964364 | 0.002752368 | 0.008247303 |
| 11/15/2017 | -0.031395667 | -0.096770143 | 0.005341124 | -0.000727899 |
| 12/16/2017 | -0.034364234 | -0.08268922 | 0.016159163 | -0.007962239 |
| 1/16/2018 | -0.016220591 | -0.069495626 | -0.001016968 | -0.015183625 |
| 2/13/2018 | -0.001383506 | -0.060571252 | -0.008250273 | -0.005829457 |
| 3/16/2018 | 0.009846888 | -0.074371168 | -0.021944069 | 0.023074083 |
| 4/15/2018 | 0.003899258 | -0.071863067 | -0.028715267 | 0.012023151 |
| 5/16/2018 | -0.012810397 | -0.051020427 | -0.047447064 | 0.008845563 |
| 6/15/2018 | -0.058005819 | -0.051833797 | -0.057059662 | -0.022942279 |
| 7/16/2018 | -0.060616731 | -0.026654276 | -0.049944248 | 0.018168336 |
| 8/16/2018 | -0.08257769 | -0.030160088 | -0.026343164 | 0.027515229 |
| 9/15/2018 | -0.079486683 | -0.03081396 | -0.013157195 | 0.030167906 |
| 10/16/2018 | -0.081720959 | -0.021278465 | -0.007268826 | 0.041341442 |
| 11/15/2018 | -0.079801927 | -0.010065666 | -0.007676088 | 0.052262368 |
| 12/16/2018 | -0.081912671 | -0.011257722 | -0.002882581 | 0.039221946 |
| 1/16/2019 | -0.08163389 | -0.024322882 | -0.004076906 | 0.043545961 |
| 2/13/2019 | -0.074203975 | -0.025386042 | 0.018817728 | 0.039525752 |
| 3/16/2019 | -0.072792512 | -0.028024142 | 0.032431877 | 0.048221643 |
| 4/15/2019 | -0.072097163 | -0.031108485 | 0.029011249 | 0.047253236 |
| 5/16/2019 | -0.076253194 | -0.03490135 | 0.02069812 | 0.047183366 |
| 6/15/2019 | -0.073033758 | -0.027803343 | 0.015983063 | 0.060351458 |
| 7/16/2019 | -0.090381162 | -0.02412648 | 0.015427871 | 0.043860906 |
| 8/16/2019 | -0.083691754 | -0.021876718 | 0.018955054 | 0.059770513 |
| 9/15/2019 | -0.091417064 | -0.014173876 | 0.016299358 | 0.043502658 |
| 10/16/2019 | -0.089887168 | -0.00973763 | 0.006209209 | 0.031146461 |
| 11/15/2019 | -0.099318042 | -0.000417669 | 0.003173114 | 0.026102335 |
| 12/16/2019 | -0.103760779 | -0.014089927 | -0.011047806 | 0.021300084 |
| 1/16/2020 | -0.110575235 | -0.038143211 | -0.012437787 | 0.02803272 |
| 2/13/2020 | -0.123649652 | -0.061478959 | -0.01556441 | 0.023008273 |
| 3/16/2020 | -0.117852152 | -0.059686568 | -0.012829248 | 0.020917118 |
| 4/15/2020 | -0.044733967 | -0.052974979 | 0.018702075 | 0.049979233 |
| 5/16/2020 | 0.13033919 | -0.002499474 | 0.078130402 | 0.118100378 |
| 6/15/2020 | 0.155879108 | 0.030356342 | 0.123591981 | 0.130301077 |
| 7/16/2020 | 0.138122125 | 0.08201896 | 0.13047289 | 0.123689209 |
| 8/16/2020 | 0.118259045 | 0.036208594 | 0.131035468 | 0.107704165 |
| 9/15/2020 | 0.100586671 | 0.009999024 | 0.125883047 | 0.10479579 |
| 10/16/2020 | 0.100819447 | -0.024746398 | 0.097125637 | 0.119643107 |
| 11/15/2020 | 0.102771676 | -0.011169747 | 0.07789814 | 0.120276496 |
| 12/16/2020 | 0.101082184 | -0.010749861 | 0.069932868 | 0.123309819 |
| 1/16/2021 | 0.120261616 | 0.017703542 | 0.059707939 | 0.139907645 |
| 2/14/2021 | 0.113935738 | 0.01690803 | 0.057023578 | 0.13496433 |
| 3/16/2021 | 0.106975792 | 0.010299446 | 0.071835816 | 0.127590671 |
| 4/15/2021 | 0.09070284 | -0.00054388 | 0.063401942 | 0.118712421 |
| 5/16/2021 | 0.120479192 | 0.06357132 | 0.080501126 | 0.108127604 |
| 6/15/2021 | 0.197316965 | 0.220594552 | 0.13082982 | 0.103828866 |
| 7/16/2021 | 0.258327127 | 0.316340593 | 0.152340586 | 0.099377002 |
| 8/16/2021 | 0.298754225 | 0.370666763 | 0.170585403 | 0.103678482 |
| 9/15/2021 | 0.321092182 | 0.382139004 | 0.197484395 | 0.101722271 |
| 10/16/2021 | 0.356851055 | 0.390366141 | 0.241726664 | 0.120431643 |
| 11/15/2021 | 0.40894261 | 0.412151171 | 0.303721376 | 0.155291786 |
| 12/16/2021 | 0.460863213 | 0.44958441 | 0.371016716 | 0.175361423 |
| 1/16/2022 | 0.518970341 | 0.492987337 | 0.44374183 | 0.190527653 |
| 2/13/2022 | 0.548874778 | 0.521950594 | 0.511904558 | 0.19480282 |
| 3/16/2022 | 0.57567743 | 0.541405401 | 0.57170875 | 0.216984805 |
| 4/15/2022 | 0.606162711 | 0.55063295 | 0.629642215 | 0.235725602 |
| 5/16/2022 | 0.629117624 | 0.549562013 | 0.678296482 | 0.277454104 |
| 6/15/2022 | 0.652415906 | 0.545313402 | 0.710144215 | 0.322979214 |
| 7/16/2022 | 0.668437116 | 0.545251807 | 0.716134981 | 0.348085748 |
| 8/16/2022 | 0.678468568 | 0.544798252 | 0.716374517 | 0.360260144 |
| 9/15/2022 | 0.685593309 | 0.539996581 | 0.721071 | 0.383256844 |
| 10/16/2022 | 0.683496693 | 0.533242894 | 0.72926651 | 0.390450483 |
| 11/15/2022 | 0.682203707 | 0.523256214 | 0.744767931 | 0.390682604 |
| 12/16/2022 | 0.680837092 | 0.51779967 | 0.757574364 | 0.377861789 |
| 1/16/2023 | 0.680291756 | 0.50842319 | 0.765371607 | 0.368645685 |
| 2/13/2023 | 0.683213018 | 0.50148089 | 0.761790668 | 0.36841434 |
| 3/16/2023 | 0.684203925 | 0.491746381 | 0.755029551 | 0.378189088 |
| 4/15/2023 | 0.678283817 | 0.477162322 | 0.739062042 | 0.376093809 |
| 5/16/2023 | 0.675613975 | 0.466760009 | 0.730748618 | 0.361951262 |
| 6/15/2023 | 0.666671117 | 0.459468319 | 0.725635193 | 0.342356632 |
| 7/16/2023 | 0.663662631 | 0.45046495 | 0.725047451 | 0.334487214 |
| 8/16/2023 | 0.662667422 | 0.447698137 | 0.722502573 | 0.337569954 |
| 9/15/2023 | 0.660836117 | 0.444367502 | 0.72226322 | 0.333420118 |
| 10/16/2023 | 0.657071065 | 0.445179428 | 0.714753398 | 0.326969373 |
| 11/15/2023 | 0.651236062 | 0.449123004 | 0.712355542 | 0.322465988 |
| 12/16/2023 | 0.652302755 | 0.448546244 | 0.70930758 | 0.336074712 |
| 1/16/2024 | 0.650152538 | 0.453487178 | 0.711971813 | 0.329270259 |
| 2/13/2024 | 0.645575643 | 0.45804561 | 0.713589044 | 0.317657681 |
| 3/16/2024 | 0.431492129 | 0.063566967 |
Canada and U.S.
5-year correlation
| Period | Core CPI | Core Goods CPI | Housing CPI | Core Services ex. Housing CPI |
|---|---|---|---|---|
| 1/16/2010 | -0.043969853 | 0.044987812 | 0.73961299 | 0.270866986 |
| 2/13/2010 | -0.103736159 | 0.048002345 | 0.741418086 | 0.191838009 |
| 3/16/2010 | -0.052078397 | 0.050892959 | 0.749789369 | 0.20887695 |
| 4/15/2010 | -0.042153231 | 0.042646281 | 0.757866491 | 0.221582817 |
| 5/16/2010 | 0.029630842 | 0.041297586 | 0.754899715 | 0.239644942 |
| 6/15/2010 | -0.008892344 | 0.02821208 | 0.761167122 | 0.228169135 |
| 7/16/2010 | -0.023920249 | 0.032541641 | 0.752076984 | 0.185779118 |
| 8/16/2010 | -0.037879601 | 0.054719497 | 0.751218203 | 0.141099592 |
| 9/15/2010 | -0.041069393 | 0.062382349 | 0.750830883 | 0.12462547 |
| 10/16/2010 | -0.040804743 | 0.06091322 | 0.756761392 | 0.122286048 |
| 11/15/2010 | -0.056430996 | 0.055942952 | 0.762621942 | 0.10100967 |
| 12/16/2010 | -0.080513252 | 0.054493911 | 0.778850482 | 0.083602817 |
| 1/16/2011 | -0.091793748 | 0.055055828 | 0.777185792 | 0.078445567 |
| 2/13/2011 | -0.093067536 | 0.054493461 | 0.773552722 | 0.083083693 |
| 3/16/2011 | -0.107584568 | 0.058364605 | 0.768163161 | 0.084316042 |
| 4/15/2011 | -0.112009818 | 0.061261929 | 0.761652957 | 0.083125965 |
| 5/16/2011 | -0.137277731 | 0.091312245 | 0.758684386 | 0.062404081 |
| 6/15/2011 | -0.128973757 | 0.057170123 | 0.754030198 | 0.080783571 |
| 7/16/2011 | -0.098792923 | 0.0453694 | 0.749264313 | 0.096910603 |
| 8/16/2011 | -0.106257611 | 0.017857371 | 0.733866738 | 0.100336529 |
| 9/15/2011 | -0.063503945 | 0.044252635 | 0.715472826 | 0.105564695 |
| 10/16/2011 | -0.07587408 | 0.071969782 | 0.687393377 | 0.10338603 |
| 11/15/2011 | -0.077142231 | 0.087217052 | 0.669132178 | 0.10206919 |
| 12/16/2011 | -0.089307842 | 0.08488248 | 0.659834163 | 0.111461201 |
| 1/16/2012 | -0.08751043 | 0.10272584 | 0.659181746 | 0.112880988 |
| 2/13/2012 | -0.117009228 | 0.110779211 | 0.651000563 | 0.112812593 |
| 3/16/2012 | -0.151912729 | 0.118564238 | 0.636299589 | 0.106713653 |
| 4/15/2012 | -0.167570977 | 0.12178717 | 0.622879511 | 0.085734664 |
| 5/16/2012 | -0.161802622 | 0.119925112 | 0.613110347 | 0.086496161 |
| 6/15/2012 | -0.165383805 | 0.124794633 | 0.599956535 | 0.089730081 |
| 7/16/2012 | -0.162800926 | 0.130562205 | 0.583165992 | 0.083482221 |
| 8/16/2012 | -0.161520104 | 0.136175321 | 0.556006398 | 0.063489247 |
| 9/15/2012 | -0.173416977 | 0.128508502 | 0.524789126 | 0.055468323 |
| 10/16/2012 | -0.167233324 | 0.108890898 | 0.483017409 | 0.072864547 |
| 11/15/2012 | -0.146584154 | 0.11046521 | 0.43747878 | 0.093271207 |
| 12/16/2012 | -0.111877241 | 0.119638292 | 0.391997355 | 0.097769861 |
| 1/16/2013 | -0.073571478 | 0.148057785 | 0.344015464 | 0.097706002 |
| 2/14/2013 | -0.058079202 | 0.128694457 | 0.305978068 | 0.073259514 |
| 3/16/2013 | -0.046481629 | 0.093791248 | 0.266667577 | 0.073332322 |
| 4/15/2013 | -0.050665359 | 0.048551533 | 0.258230329 | 0.083600938 |
| 5/16/2013 | -0.020529911 | 0.044698173 | 0.245096051 | 0.049822805 |
| 6/15/2013 | -0.010754472 | 0.034956975 | 0.249195011 | -0.018144639 |
| 7/16/2013 | -0.029217286 | 0.030642727 | 0.232994357 | -0.11257876 |
| 8/16/2013 | -0.068395829 | 0.030448957 | 0.223960516 | -0.141819326 |
| 9/15/2013 | -0.075831103 | 0.029788127 | 0.213766047 | -0.138391523 |
| 10/16/2013 | -0.081563982 | -0.00306422 | 0.216904262 | -0.135269161 |
| 11/15/2013 | -0.078630343 | 0.016343386 | 0.221476775 | -0.146263547 |
| 12/16/2013 | -0.057008529 | 0.04477646 | 0.246351935 | -0.153677726 |
| 1/16/2014 | -0.055814554 | 0.058495852 | 0.271613058 | -0.182154502 |
| 2/13/2014 | -0.068618358 | 0.013170735 | 0.289645309 | -0.171669969 |
| 3/16/2014 | -0.04383119 | 0.042169378 | 0.299935176 | -0.156555789 |
| 4/15/2014 | -0.054827442 | 0.025043204 | 0.318152227 | -0.14986934 |
| 5/16/2014 | -0.055095876 | 0.005048644 | 0.328705198 | -0.135617075 |
| 6/15/2014 | -0.044908346 | -0.048275584 | 0.317603074 | -0.127859875 |
| 7/16/2014 | -0.03930232 | -0.068213098 | 0.273722331 | -0.126930751 |
| 8/16/2014 | -0.055128514 | -0.077824147 | 0.241939922 | -0.141158013 |
| 9/15/2014 | -0.063903373 | -0.075285127 | 0.202790469 | -0.164661575 |
| 10/16/2014 | -0.045698361 | -0.035342614 | 0.17196288 | -0.218673002 |
| 11/15/2014 | -0.04174527 | -0.07014161 | 0.102067689 | -0.210170623 |
| 12/16/2014 | -0.045821707 | -0.129472734 | 0.048605181 | -0.203483278 |
| 1/16/2015 | -0.044986417 | -0.178286855 | -0.049862321 | -0.187919526 |
| 2/13/2015 | 0.001622928 | -0.171008386 | -0.093584994 | -0.193407079 |
| 3/16/2015 | -0.035983248 | -0.181608741 | -0.075508345 | -0.183690483 |
| 4/15/2015 | -0.019147725 | -0.163358271 | -0.028528623 | -0.172976958 |
| 5/16/2015 | -0.094178723 | -0.154860082 | 0.027683736 | -0.165010876 |
| 6/15/2015 | -0.05709293 | -0.160838234 | 0.064927825 | -0.192589601 |
| 7/16/2015 | -0.030449136 | -0.187601883 | 0.175390056 | -0.207790561 |
| 8/16/2015 | -0.006041791 | -0.197826598 | 0.24100274 | -0.214816162 |
| 9/15/2015 | 0.001525284 | -0.203668537 | 0.295140866 | -0.212936853 |
| 10/16/2015 | 0.001037339 | -0.203573081 | 0.314607517 | -0.207434018 |
| 11/15/2015 | 0.008559289 | -0.210170074 | 0.395763789 | -0.232656893 |
| 12/16/2015 | 0.030027384 | -0.216062782 | 0.465100236 | -0.256410698 |
| 1/16/2016 | 0.029696479 | -0.218221553 | 0.461874327 | -0.270996053 |
| 2/13/2016 | 0.026268957 | -0.199431423 | 0.459226023 | -0.27095623 |
| 3/16/2016 | 0.038971926 | -0.194599476 | 0.441284116 | -0.287574959 |
| 4/15/2016 | 0.068974897 | -0.154092006 | 0.399640874 | -0.286465879 |
| 5/16/2016 | 0.142620622 | -0.170935848 | 0.398062618 | -0.259244522 |
| 6/15/2016 | 0.185948483 | -0.083725795 | 0.45086141 | -0.263115789 |
| 7/16/2016 | 0.208151809 | -0.039190158 | 0.504980843 | -0.258522809 |
| 8/16/2016 | 0.282121836 | 0.06784285 | 0.5319604 | -0.263522893 |
| 9/15/2016 | 0.241934333 | 0.003262474 | 0.538324953 | -0.315351699 |
| 10/16/2016 | 0.217915615 | -0.05589115 | 0.539017146 | -0.307356308 |
| 11/15/2016 | 0.230190706 | -0.060789909 | 0.555154391 | -0.294017942 |
| 12/16/2016 | 0.259309292 | 0.015054174 | 0.568372863 | -0.285694212 |
| 1/16/2017 | 0.264812617 | 0.026099233 | 0.60310551 | -0.266388155 |
| 2/14/2017 | 0.291505049 | 0.050774818 | 0.608302589 | -0.240330863 |
| 3/16/2017 | 0.289619302 | 0.039781639 | 0.606829109 | -0.275240845 |
| 4/15/2017 | 0.326845212 | 0.033127215 | 0.620914368 | -0.305399032 |
| 5/16/2017 | 0.343122633 | 0.059088302 | 0.613564249 | -0.324646704 |
| 6/15/2017 | 0.346209381 | 0.104367016 | 0.638602194 | -0.332557228 |
| 7/16/2017 | 0.362587266 | 0.145869731 | 0.606068825 | -0.284688749 |
| 8/16/2017 | 0.378945076 | 0.140819177 | 0.591403725 | -0.244931068 |
| 9/15/2017 | 0.392550373 | 0.135268034 | 0.577687037 | -0.219672793 |
| 10/16/2017 | 0.378600383 | 0.135364337 | 0.574274203 | -0.211783038 |
| 11/15/2017 | 0.382162696 | 0.144237786 | 0.565107179 | -0.21055563 |
| 12/16/2017 | 0.404603868 | 0.178260388 | 0.54919481 | -0.212294673 |
| 1/16/2018 | 0.447622487 | 0.217179308 | 0.504594201 | -0.212388111 |
| 2/13/2018 | 0.478793389 | 0.20936815 | 0.472797729 | -0.164838551 |
| 3/16/2018 | 0.482983726 | 0.123463844 | 0.447945251 | -0.014957889 |
| 4/15/2018 | 0.493102236 | 0.129969265 | 0.42595935 | -0.020488093 |
| 5/16/2018 | 0.391374393 | 0.092186726 | 0.40104349 | -0.015853435 |
| 6/15/2018 | 0.356619908 | 0.097797876 | 0.359707301 | -0.029653786 |
| 7/16/2018 | 0.344761939 | 0.13144813 | 0.304531939 | -0.006384036 |
| 8/16/2018 | 0.282931909 | 0.095280425 | 0.262688074 | -0.014059094 |
| 9/15/2018 | 0.296903142 | 0.116366411 | 0.216015565 | -0.004466117 |
| 10/16/2018 | 0.294844505 | 0.124958279 | 0.237498464 | 0.015245729 |
| 11/15/2018 | 0.282985745 | 0.110326534 | 0.270184641 | 0.013382154 |
| 12/16/2018 | 0.316189794 | 0.132149059 | 0.279869452 | 0.009247874 |
| 1/16/2019 | 0.311230509 | 0.083782331 | 0.272653739 | 0.01409107 |
| 2/13/2019 | 0.354003425 | 0.140230588 | 0.305697338 | 0.018558516 |
| 3/16/2019 | 0.343675775 | 0.154516092 | 0.343733932 | 0.052851653 |
| 4/15/2019 | 0.333541895 | 0.137114773 | 0.348354528 | 0.063883139 |
| 5/16/2019 | 0.31843686 | 0.136310327 | 0.340801444 | 0.037974803 |
| 6/15/2019 | 0.311026424 | 0.138242325 | 0.322286057 | 0.027456198 |
| 7/16/2019 | 0.308115901 | 0.140577942 | 0.312527605 | 0.028875861 |
| 8/16/2019 | 0.328556205 | 0.136675855 | 0.298073792 | 0.070568794 |
| 9/15/2019 | 0.330076668 | 0.139728765 | 0.281880403 | 0.021970244 |
| 10/16/2019 | 0.343875973 | 0.138913058 | 0.175026376 | -0.045446762 |
| 11/15/2019 | 0.296265432 | 0.142569172 | 0.116282258 | -0.124506889 |
| 12/16/2019 | 0.287129116 | 0.137067252 | 0.011009187 | -0.107509502 |
| 1/16/2020 | 0.235179354 | 0.138424435 | 0.003912217 | -0.129535822 |
| 2/13/2020 | 0.257087644 | 0.130688162 | 0.007441159 | -0.11329306 |
| 3/16/2020 | 0.262335089 | 0.124759032 | 0.000212822 | -0.110644069 |
| 4/15/2020 | 0.31075014 | 0.187694813 | 0.018992723 | -0.102693691 |
| 5/16/2020 | 0.523701526 | 0.333493567 | 0.218281521 | 0.028315489 |
| 6/15/2020 | 0.570521081 | 0.364636465 | 0.338777101 | 0.063614455 |
| 7/16/2020 | 0.529776522 | 0.36952836 | 0.392664239 | 0.029313572 |
| 8/16/2020 | 0.476327877 | 0.40817433 | 0.411749447 | -0.023942226 |
| 9/15/2020 | 0.412638057 | 0.338600099 | 0.40685098 | -0.061062477 |
| 10/16/2020 | 0.418414427 | 0.315312664 | 0.276638383 | -0.060890262 |
| 11/15/2020 | 0.419313595 | 0.332719118 | 0.181364342 | -0.060064732 |
| 12/16/2020 | 0.419334382 | 0.345514545 | 0.148782387 | -0.051785357 |
| 1/16/2021 | 0.404560682 | 0.358353787 | 0.156507895 | -0.051585589 |
| 2/14/2021 | 0.407464262 | 0.359037319 | 0.182219297 | -0.047108561 |
| 3/16/2021 | 0.407199905 | 0.362045728 | 0.177985539 | -0.048623772 |
| 4/15/2021 | 0.386952441 | 0.365185862 | 0.186082721 | -0.064634832 |
| 5/16/2021 | 0.422447057 | 0.40680118 | 0.23854748 | -0.093042387 |
| 6/15/2021 | 0.480433544 | 0.506136077 | 0.346306359 | -0.120310025 |
| 7/16/2021 | 0.516665842 | 0.558176209 | 0.447741738 | -0.146129693 |
| 8/16/2021 | 0.539247382 | 0.584255256 | 0.487667877 | -0.144327849 |
| 9/15/2021 | 0.533740722 | 0.585820922 | 0.510828534 | -0.148611019 |
| 10/16/2021 | 0.546898292 | 0.589040762 | 0.526577333 | -0.160987838 |
| 11/15/2021 | 0.558424305 | 0.580304874 | 0.53364143 | -0.154124856 |
| 12/16/2021 | 0.580034822 | 0.594036615 | 0.563336088 | -0.145659029 |
| 1/16/2022 | 0.620855828 | 0.619282918 | 0.591839785 | -0.148684457 |
| 2/13/2022 | 0.652896103 | 0.636416911 | 0.628767872 | -0.140500455 |
| 3/16/2022 | 0.654628647 | 0.623140328 | 0.658251106 | -0.120436522 |
| 4/15/2022 | 0.654578962 | 0.593644145 | 0.703328077 | -0.102689039 |
| 5/16/2022 | 0.643007961 | 0.532887011 | 0.739740788 | -0.035921709 |
| 6/15/2022 | 0.662587776 | 0.513579153 | 0.749344612 | 0.061297636 |
| 7/16/2022 | 0.676518475 | 0.508233314 | 0.725857773 | 0.111387829 |
| 8/16/2022 | 0.680667219 | 0.506335753 | 0.689042574 | 0.135425106 |
| 9/15/2022 | 0.684180517 | 0.501304985 | 0.667810049 | 0.150295696 |
| 10/16/2022 | 0.682972564 | 0.494816706 | 0.656540873 | 0.150633999 |
| 11/15/2022 | 0.68546343 | 0.490007565 | 0.670139546 | 0.152479758 |
| 12/16/2022 | 0.687817632 | 0.497331032 | 0.68238656 | 0.148596411 |
| 1/16/2023 | 0.689733796 | 0.497097292 | 0.696133643 | 0.147145618 |
| 2/13/2023 | 0.691750036 | 0.494599659 | 0.694047117 | 0.142094583 |
| 3/16/2023 | 0.692870379 | 0.502351692 | 0.688787266 | 0.142642179 |
| 4/15/2023 | 0.693625075 | 0.499712028 | 0.687547054 | 0.146003822 |
| 5/16/2023 | 0.697011253 | 0.497962598 | 0.69326959 | 0.142803001 |
| 6/15/2023 | 0.692691836 | 0.493882326 | 0.694868679 | 0.140966381 |
| 7/16/2023 | 0.692322961 | 0.487923643 | 0.695857708 | 0.149227115 |
| 8/16/2023 | 0.702369765 | 0.489519744 | 0.686756309 | 0.159553711 |
| 9/15/2023 | 0.700913098 | 0.484173068 | 0.679724451 | 0.147295193 |
| 10/16/2023 | 0.696622524 | 0.490594817 | 0.655575339 | 0.137187034 |
| 11/15/2023 | 0.693981188 | 0.500826976 | 0.646364074 | 0.139068681 |
| 12/16/2023 | 0.69623318 | 0.499423415 | 0.635062674 | 0.162131367 |
| 1/16/2024 | 0.694353022 | 0.509261588 | 0.637667995 | 0.139288295 |
| 2/13/2024 | 0.68692867 | 0.51667074 | 0.639026817 | 0.107506133 |
Euro area and U.S.
5-year correlation
| Period | Core CPI | Core Goods CPI | Housing CPI | Core Services ex. Housing CPI |
|---|---|---|---|---|
| 1/16/2010 | 0.244641053 | -0.308824463 | 0.522268917 | 0.321471064 |
| 2/13/2010 | 0.260323623 | -0.318626393 | 0.564680732 | 0.347968385 |
| 3/16/2010 | 0.322709891 | -0.327908849 | 0.632008796 | 0.373258372 |
| 4/15/2010 | 0.36897775 | -0.346345358 | 0.650244262 | 0.374244525 |
| 5/16/2010 | 0.397701393 | -0.339419397 | 0.658686705 | 0.372112558 |
| 6/15/2010 | 0.413391732 | -0.340572548 | 0.681786157 | 0.378005511 |
| 7/16/2010 | 0.417495193 | -0.349490982 | 0.68573114 | 0.38684902 |
| 8/16/2010 | 0.414444983 | -0.368222068 | 0.659630409 | 0.393741878 |
| 9/15/2010 | 0.416250853 | -0.376527176 | 0.667264386 | 0.396958426 |
| 10/16/2010 | 0.422788886 | -0.371461239 | 0.668968313 | 0.384995896 |
| 11/15/2010 | 0.42548985 | -0.372486852 | 0.648028952 | 0.394320729 |
| 12/16/2010 | 0.43120114 | -0.372191268 | 0.648756611 | 0.40811757 |
| 1/16/2011 | 0.442499936 | -0.372510636 | 0.646673921 | 0.4317794 |
| 2/13/2011 | 0.454903778 | -0.396018122 | 0.6419523 | 0.432698933 |
| 3/16/2011 | 0.493939787 | -0.394989605 | 0.632860197 | 0.426102075 |
| 4/15/2011 | 0.477609118 | -0.378311289 | 0.630775649 | 0.412114084 |
| 5/16/2011 | 0.467260896 | -0.27486991 | 0.629152132 | 0.41826637 |
| 6/15/2011 | 0.464423494 | -0.252935836 | 0.626280204 | 0.430194733 |
| 7/16/2011 | 0.373876709 | -0.303307103 | 0.61094045 | 0.434848993 |
| 8/16/2011 | 0.304402399 | -0.346832638 | 0.600228648 | 0.432159899 |
| 9/15/2011 | 0.302671101 | -0.330509827 | 0.573181822 | 0.428076577 |
| 10/16/2011 | 0.31175901 | -0.258165567 | 0.543606493 | 0.425915589 |
| 11/15/2011 | 0.300596689 | -0.208182209 | 0.493209271 | 0.443008051 |
| 12/16/2011 | 0.298890112 | -0.203551293 | 0.460634678 | 0.452080652 |
| 1/16/2012 | 0.292996873 | -0.190747433 | 0.44320043 | 0.472951427 |
| 2/13/2012 | 0.271506345 | -0.17989589 | 0.401944136 | 0.47738207 |
| 3/16/2012 | 0.257083056 | -0.176345915 | 0.368769684 | 0.475353508 |
| 4/15/2012 | 0.248642755 | -0.178563158 | 0.326734975 | 0.467464581 |
| 5/16/2012 | 0.253402758 | -0.176678466 | 0.307235888 | 0.472265068 |
| 6/15/2012 | 0.252292718 | -0.177786714 | 0.272615556 | 0.477102773 |
| 7/16/2012 | 0.242741771 | -0.175226893 | 0.262433067 | 0.471998775 |
| 8/16/2012 | 0.233761255 | -0.145663502 | 0.244327636 | 0.458521022 |
| 9/15/2012 | 0.234192411 | -0.15340193 | 0.230274236 | 0.451608204 |
| 10/16/2012 | 0.239239147 | -0.162665557 | 0.200137458 | 0.458178265 |
| 11/15/2012 | 0.225073225 | -0.164610997 | 0.152654266 | 0.447667106 |
| 12/16/2012 | 0.20822995 | -0.165262216 | 0.110022435 | 0.425035211 |
| 1/16/2013 | 0.164586451 | -0.167807056 | 0.119590099 | 0.39572728 |
| 2/14/2013 | 0.136168594 | -0.145311339 | 0.112533444 | 0.371069336 |
| 3/16/2013 | 0.112032586 | -0.145276786 | 0.099060975 | 0.330821662 |
| 4/15/2013 | 0.127736784 | -0.16139688 | 0.062729737 | 0.369466603 |
| 5/16/2013 | 0.131380913 | -0.202907311 | 0.032022494 | 0.345170964 |
| 6/15/2013 | 0.160528262 | -0.199630305 | 0.014583676 | 0.3886286 |
| 7/16/2013 | 0.122610909 | -0.193330754 | 0.020327711 | 0.321216567 |
| 8/16/2013 | 0.051151018 | -0.172761383 | 0.047405856 | 0.189038296 |
| 9/15/2013 | 0.024220808 | -0.165600007 | 0.035059317 | 0.120206667 |
| 10/16/2013 | 0.022615514 | -0.155646027 | 0.002795278 | 0.09111857 |
| 11/15/2013 | 0.040666258 | -0.160935458 | -0.060050146 | 0.085993689 |
| 12/16/2013 | 0.066574003 | -0.158685664 | -0.051881569 | 0.138954801 |
| 1/16/2014 | 0.076639913 | -0.150513785 | -0.035388663 | 0.097391634 |
| 2/13/2014 | 0.080211404 | -0.133347174 | 0.001248746 | 0.119440785 |
| 3/16/2014 | 0.09053379 | -0.112390021 | 0.006203958 | 0.093304221 |
| 4/15/2014 | 0.088306381 | -0.08717729 | 0.015396548 | 0.095599695 |
| 5/16/2014 | 0.05873798 | -0.043082895 | 0.010036524 | 0.080741586 |
| 6/15/2014 | 0.035498707 | -0.036299524 | 0.010200917 | 0.083711671 |
| 7/16/2014 | 0.013227837 | -0.028864301 | 0.028965501 | 0.101787192 |
| 8/16/2014 | 0.013820506 | -0.019509436 | 0.022152877 | 0.123492323 |
| 9/15/2014 | 0.012418329 | -0.01615915 | 0.008619894 | 0.160868879 |
| 10/16/2014 | 0.018122952 | 0.010982716 | -0.012671226 | 0.170269932 |
| 11/15/2014 | 0.027422161 | 0.101790734 | -0.033652704 | 0.130498349 |
| 12/16/2014 | 0.023861928 | 0.116359973 | -0.045399746 | 0.105007052 |
| 1/16/2015 | -5.83071E-05 | 0.140911706 | -0.079958505 | 0.075662581 |
| 2/13/2015 | 0.003713549 | 0.148729371 | -0.13492996 | 0.081742952 |
| 3/16/2015 | -0.01575553 | 0.147830329 | -0.217474028 | 0.081878042 |
| 4/15/2015 | -0.010874943 | 0.158393844 | -0.261682658 | 0.083668629 |
| 5/16/2015 | -0.017645802 | 0.166411881 | -0.297125835 | 0.104307307 |
| 6/15/2015 | -0.029538712 | 0.173741769 | -0.314670878 | 0.12446734 |
| 7/16/2015 | -0.02138502 | 0.181015096 | -0.325641158 | 0.125902832 |
| 8/16/2015 | -0.0234393 | 0.177220033 | -0.275685163 | 0.128801756 |
| 9/15/2015 | -0.023016399 | 0.175269138 | -0.293011103 | 0.132580812 |
| 10/16/2015 | -0.025852905 | 0.171285039 | -0.357753167 | 0.13578515 |
| 11/15/2015 | -0.041516032 | 0.170450966 | -0.464704223 | 0.099392888 |
| 12/16/2015 | -0.050376382 | 0.17400339 | -0.473709596 | 0.06117777 |
| 1/16/2016 | -0.051628773 | 0.183204781 | -0.482154158 | 0.045259957 |
| 2/13/2016 | -0.053116786 | 0.219658039 | -0.501244555 | 0.04280294 |
| 3/16/2016 | -0.051094213 | 0.222756358 | -0.518437206 | 0.025358693 |
| 4/15/2016 | -0.058891119 | 0.214717433 | -0.520224101 | 0.020697393 |
| 5/16/2016 | -0.048541088 | 0.154863626 | -0.521404085 | 0.036094659 |
| 6/15/2016 | -0.086353113 | 0.136093482 | -0.519348857 | 0.023389052 |
| 7/16/2016 | -0.046715632 | 0.251116814 | -0.518219508 | 0.02667917 |
| 8/16/2016 | -1.77823E-05 | 0.389639554 | -0.532102757 | 0.019214529 |
| 9/15/2016 | -0.017129615 | 0.372656603 | -0.529358228 | 0.013818966 |
| 10/16/2016 | -0.051145322 | 0.303287936 | -0.516290412 | 0.02129368 |
| 11/15/2016 | -0.045337785 | 0.232327029 | -0.540369832 | 0.021602183 |
| 12/16/2016 | -0.055781249 | 0.218227851 | -0.522218805 | 0.01763338 |
| 1/16/2017 | -0.070824736 | 0.220313662 | -0.514122445 | -0.006451515 |
| 2/14/2017 | -0.071818568 | 0.257639824 | -0.506363114 | -0.010296254 |
| 3/16/2017 | -0.068766994 | 0.245797778 | -0.469179958 | -0.018297336 |
| 4/15/2017 | -0.091338023 | 0.229706962 | -0.451022277 | -0.073270937 |
| 5/16/2017 | -0.110533146 | 0.166659107 | -0.432951027 | -0.08229797 |
| 6/15/2017 | -0.137824823 | 0.150016441 | -0.414593684 | -0.099174032 |
| 7/16/2017 | -0.133268705 | 0.148535178 | -0.385600937 | -0.100589076 |
| 8/16/2017 | -0.142945412 | 0.146739018 | -0.342765705 | -0.099139731 |
| 9/15/2017 | -0.14317239 | 0.133477354 | -0.31795714 | -0.096967633 |
| 10/16/2017 | -0.166583874 | 0.12906934 | -0.297630245 | -0.099666927 |
| 11/15/2017 | -0.18731578 | 0.055439178 | -0.286770169 | -0.097381751 |
| 12/16/2017 | -0.207953991 | 0.040737698 | -0.247911908 | -0.112017959 |
| 1/16/2018 | -0.199919509 | 0.053105817 | -0.243995918 | -0.133217809 |
| 2/13/2018 | -0.184497049 | 0.060164298 | -0.237020255 | -0.125204642 |
| 3/16/2018 | -0.133739863 | 0.036554446 | -0.243008974 | -0.105898844 |
| 4/15/2018 | -0.16145422 | 0.04182972 | -0.250622896 | -0.125557212 |
| 5/16/2018 | -0.127743512 | 0.094262436 | -0.254750142 | -0.160135896 |
| 6/15/2018 | -0.20022493 | 0.091558117 | -0.236159639 | -0.230528979 |
| 7/16/2018 | -0.215998281 | 0.107165974 | -0.176798792 | -0.199346436 |
| 8/16/2018 | -0.184138476 | 0.18470188 | -0.064288188 | -0.18051926 |
| 9/15/2018 | -0.187861325 | 0.179232851 | -0.001294208 | -0.178829741 |
| 10/16/2018 | -0.190195322 | 0.182969307 | 0.020347562 | -0.159069624 |
| 11/15/2018 | -0.202825253 | 0.197506131 | -0.01561606 | -0.153057648 |
| 12/16/2018 | -0.23014025 | 0.166100985 | 0.024786008 | -0.151845172 |
| 1/16/2019 | -0.245093104 | 0.124040266 | 0.012463538 | -0.13485739 |
| 2/13/2019 | -0.24572733 | 0.056134092 | 0.070507932 | -0.144540972 |
| 3/16/2019 | -0.230266395 | 0.028100036 | 0.094107701 | -0.149624501 |
| 4/15/2019 | -0.232302259 | 0.024158891 | 0.167733758 | -0.157984526 |
| 5/16/2019 | -0.233084055 | 0.001909859 | 0.186595767 | -0.155399749 |
| 6/15/2019 | -0.244269646 | 0.010544347 | 0.241710129 | -0.153139763 |
| 7/16/2019 | -0.26464271 | 0.023706923 | 0.25965273 | -0.158297355 |
| 8/16/2019 | -0.260116437 | 0.011892759 | 0.289312654 | -0.131100951 |
| 9/15/2019 | -0.257950633 | 0.015606705 | 0.27569113 | -0.148294758 |
| 10/16/2019 | -0.237819623 | 0.035248497 | 0.237734741 | -0.140149228 |
| 11/15/2019 | -0.216182788 | 0.049997727 | 0.192437629 | -0.126288596 |
| 12/16/2019 | -0.205328165 | 0.027525778 | 0.125680729 | -0.122837764 |
| 1/16/2020 | -0.206077233 | -0.037727649 | 0.123911502 | -0.133839988 |
| 2/13/2020 | -0.243306892 | -0.105621335 | 0.109462425 | -0.158384902 |
| 3/16/2020 | -0.191666513 | -0.10845284 | 0.135002065 | -0.111112179 |
| 4/15/2020 | -0.144990501 | -0.200274548 | 0.254948834 | -0.033068995 |
| 5/16/2020 | -0.075309962 | -0.253927779 | 0.280733656 | -0.003038588 |
| 6/15/2020 | -0.091363319 | -0.099637294 | 0.293790844 | -0.058292639 |
| 7/16/2020 | -0.070569285 | -0.016159828 | 0.297781991 | -0.061882176 |
| 8/16/2020 | -0.134940771 | -0.230620921 | 0.29172748 | -0.105625257 |
| 9/15/2020 | -0.227060213 | -0.2924514 | 0.298974501 | -0.159883473 |
| 10/16/2020 | -0.244736873 | -0.468789283 | 0.306084367 | -0.133658723 |
| 11/15/2020 | -0.243757073 | -0.369736814 | 0.282821362 | -0.118742353 |
| 12/16/2020 | -0.244380043 | -0.375043626 | 0.239121839 | -0.105604173 |
| 1/16/2021 | -0.233243607 | -0.277268802 | 0.136675987 | -0.102571949 |
| 2/14/2021 | -0.246594256 | -0.25985374 | 0.104841562 | -0.110482711 |
| 3/16/2021 | -0.251229562 | -0.242861428 | 0.103963802 | -0.112777426 |
| 4/15/2021 | -0.318177543 | -0.310148685 | 0.108946437 | -0.164560029 |
| 5/16/2021 | -0.306687167 | -0.244442116 | 0.131366004 | -0.192028753 |
| 6/15/2021 | -0.229560546 | -0.043184376 | 0.175224438 | -0.200785143 |
| 7/16/2021 | -0.140777964 | 0.100369266 | 0.190955619 | -0.210548414 |
| 8/16/2021 | -0.094645871 | 0.158985335 | 0.232709453 | -0.20888052 |
| 9/15/2021 | -0.078510374 | 0.169059645 | 0.272545886 | -0.222903733 |
| 10/16/2021 | -0.036105192 | 0.179137523 | 0.30849029 | -0.232194572 |
| 11/15/2021 | 0.076671553 | 0.21527674 | 0.370300916 | -0.174900537 |
| 12/16/2021 | 0.173980914 | 0.268738864 | 0.411603625 | -0.122137796 |
| 1/16/2022 | 0.257101197 | 0.327276012 | 0.449999002 | -0.05075801 |
| 2/13/2022 | 0.286574081 | 0.363069752 | 0.496737045 | -0.047184611 |
| 3/16/2022 | 0.309844282 | 0.359454625 | 0.542866144 | -0.013490892 |
| 4/15/2022 | 0.335830996 | 0.325812082 | 0.610093753 | 0.005270217 |
| 5/16/2022 | 0.359296773 | 0.285978004 | 0.668382261 | 0.078479831 |
| 6/15/2022 | 0.402582015 | 0.271259837 | 0.722467474 | 0.112566289 |
| 7/16/2022 | 0.42683114 | 0.262729224 | 0.762422084 | 0.129099587 |
| 8/16/2022 | 0.451660743 | 0.252459677 | 0.795288313 | 0.135123721 |
| 9/15/2022 | 0.46792888 | 0.229958265 | 0.819765895 | 0.175751999 |
| 10/16/2022 | 0.48094818 | 0.203151833 | 0.849202712 | 0.205992969 |
| 11/15/2022 | 0.477065608 | 0.165297985 | 0.866138065 | 0.222901063 |
| 12/16/2022 | 0.471139994 | 0.125975504 | 0.879377837 | 0.21421827 |
| 1/16/2023 | 0.470729308 | 0.100324411 | 0.890735117 | 0.213877679 |
| 2/13/2023 | 0.477208688 | 0.08636691 | 0.900877694 | 0.220334871 |
| 3/16/2023 | 0.481335018 | 0.081047066 | 0.903026368 | 0.223098837 |
| 4/15/2023 | 0.483647618 | 0.075933668 | 0.907260365 | 0.229799823 |
| 5/16/2023 | 0.486352735 | 0.070533711 | 0.911960078 | 0.229714149 |
| 6/15/2023 | 0.48121656 | 0.062632751 | 0.916036647 | 0.221208405 |
| 7/16/2023 | 0.478305704 | 0.052000299 | 0.918288601 | 0.213752725 |
| 8/16/2023 | 0.460547254 | 0.038060309 | 0.916370028 | 0.21082131 |
| 9/15/2023 | 0.456582041 | 0.030183677 | 0.915778975 | 0.211378535 |
| 10/16/2023 | 0.451539479 | 0.02667142 | 0.912779742 | 0.202640995 |
| 11/15/2023 | 0.44493301 | 0.029820582 | 0.912207501 | 0.190708729 |
| 12/16/2023 | 0.441800409 | 0.031322894 | 0.909011958 | 0.18159317 |
| 1/16/2024 | 0.4386007 | 0.041678501 | 0.909198771 | 0.174322704 |
| 2/13/2024 | 0.435550676 | 0.050361191 | 0.909246516 | 0.181140233 |
| 3/15/2024 | 0.431492129 | 0.063566967 |
U.K. and U.S.
5-year correlation
| Period | Core CPI | Core Goods CPI | Housing CPI | Core Services ex. Housing CPI |
|---|---|---|---|---|
| 1/16/2010 | -0.083150022 | 0.551240175 | 0.44596744 | 0.02962038 |
| 2/13/2010 | -0.126738336 | 0.550559591 | 0.467414683 | 0.004455329 |
| 3/16/2010 | -0.173152046 | 0.541596113 | 0.470877523 | -0.015296848 |
| 4/15/2010 | -0.186275335 | 0.506033245 | 0.485040816 | -0.017986488 |
| 5/16/2010 | -0.209198034 | 0.472683997 | 0.510716974 | -0.027057266 |
| 6/15/2010 | -0.244308784 | 0.447805152 | 0.559521726 | -0.039426174 |
| 7/16/2010 | -0.247399577 | 0.443012642 | 0.565966495 | -0.027119194 |
| 8/16/2010 | -0.262737952 | 0.434792346 | 0.576457951 | -0.031908813 |
| 9/15/2010 | -0.255710813 | 0.430912705 | 0.602491264 | 0.006742761 |
| 10/16/2010 | -0.255919729 | 0.435396834 | 0.60502539 | 0.008591725 |
| 11/15/2010 | -0.243182028 | 0.432701158 | 0.609295848 | 0.069862325 |
| 12/16/2010 | -0.239835276 | 0.426859353 | 0.624734002 | 0.04071775 |
| 1/16/2011 | -0.226871042 | 0.428869806 | 0.625190036 | 0.038247614 |
| 2/13/2011 | -0.207526937 | 0.435029612 | 0.621831215 | 0.015060236 |
| 3/16/2011 | -0.188751812 | 0.449659034 | 0.61756181 | 0.010439525 |
| 4/15/2011 | -0.170132521 | 0.465301856 | 0.615890797 | -0.042037254 |
| 5/16/2011 | -0.136719657 | 0.493738322 | 0.62181329 | -0.056066715 |
| 6/15/2011 | -0.111021347 | 0.484822735 | 0.616859029 | -0.065925728 |
| 7/16/2011 | -0.109124902 | 0.457677191 | 0.604429125 | -0.037939435 |
| 8/16/2011 | -0.092573227 | 0.447609423 | 0.588981484 | -0.038113965 |
| 9/15/2011 | -0.078465056 | 0.453815015 | 0.580631904 | -0.039485713 |
| 10/16/2011 | -0.0769635 | 0.456344246 | 0.586049538 | -0.038087548 |
| 11/15/2011 | -0.079166805 | 0.457606548 | 0.586747461 | 0.021809558 |
| 12/16/2011 | -0.079170375 | 0.470840843 | 0.591635575 | 0.023462792 |
| 1/16/2012 | -0.078675833 | 0.475418509 | 0.573676459 | 0.012415732 |
| 2/13/2012 | -0.074987475 | 0.473839156 | 0.558305572 | 0.012934409 |
| 3/16/2012 | -0.071495246 | 0.471001917 | 0.543016534 | 0.021556719 |
| 4/15/2012 | -0.066086061 | 0.462278366 | 0.543462068 | 0.024716725 |
| 5/16/2012 | -0.066813287 | 0.459539977 | 0.544171967 | 0.027060054 |
| 6/15/2012 | -0.069898181 | 0.44648988 | 0.539024348 | 0.027634087 |
| 7/16/2012 | -0.066107169 | 0.435957567 | 0.53199703 | 0.030308847 |
| 8/16/2012 | -0.059269265 | 0.427234865 | 0.525610027 | 0.027602696 |
| 9/15/2012 | -0.042303392 | 0.389885176 | 0.522349685 | 0.036583795 |
| 10/16/2012 | -0.02920443 | 0.375603405 | 0.513064125 | 0.019261575 |
| 11/15/2012 | -0.0101025 | 0.374857565 | 0.502354228 | 0.015779955 |
| 12/16/2012 | -0.009132294 | 0.375725721 | 0.489038696 | 0.012959803 |
| 1/16/2013 | 0.011746582 | 0.386707745 | 0.453152904 | 0.040557333 |
| 2/14/2013 | 0.018598677 | 0.387059316 | 0.42506174 | 0.041514658 |
| 3/16/2013 | 0.039134816 | 0.37804332 | 0.3820167 | 0.042117764 |
| 4/15/2013 | 0.050453249 | 0.367020741 | 0.374248833 | 0.080506544 |
| 5/16/2013 | 0.05621193 | 0.355559314 | 0.364889934 | 0.075892903 |
| 6/15/2013 | 0.074286008 | 0.361695019 | 0.364622344 | 0.142672111 |
| 7/16/2013 | 0.070577696 | 0.360508576 | 0.355921848 | 0.132445326 |
| 8/16/2013 | 0.048493621 | 0.364157759 | 0.350839813 | 0.044926942 |
| 9/15/2013 | 0.044750119 | 0.36280631 | 0.350158815 | -0.029612456 |
| 10/16/2013 | 0.042345961 | 0.34649396 | 0.342129486 | -0.045432967 |
| 11/15/2013 | 0.038962586 | 0.321292699 | 0.321449687 | -0.038466644 |
| 12/16/2013 | -0.072896675 | 0.239474392 | 0.31633521 | -0.008914416 |
| 1/16/2014 | -0.139186652 | 0.20484953 | 0.313775137 | 0.014796812 |
| 2/13/2014 | -0.147576559 | 0.233050792 | 0.305705587 | 0.038536615 |
| 3/16/2014 | -0.153239707 | 0.204790149 | 0.305896643 | 0.056002482 |
| 4/15/2014 | -0.163323273 | 0.141630756 | 0.316233078 | 0.049028185 |
| 5/16/2014 | -0.171087386 | 0.125760182 | 0.329980128 | 0.0364066 |
| 6/15/2014 | -0.172801799 | 0.10190189 | 0.324159246 | 0.033978565 |
| 7/16/2014 | -0.161783935 | 0.08358733 | 0.343239691 | 0.051962089 |
| 8/16/2014 | -0.147882733 | 0.102723183 | 0.337589424 | 0.086706535 |
| 9/15/2014 | -0.137983301 | 0.111190797 | 0.37555847 | 0.138288604 |
| 10/16/2014 | -0.132829513 | 0.113826142 | 0.372881406 | 0.170832167 |
| 11/15/2014 | -0.14006746 | 0.155414649 | 0.383217066 | 0.187182931 |
| 12/16/2014 | -0.123416941 | 0.171824583 | 0.378445404 | 0.197105697 |
| 1/16/2015 | -0.061507603 | 0.193101993 | 0.347410687 | 0.209594281 |
| 2/13/2015 | -0.024200359 | 0.209891487 | 0.328544025 | 0.220125729 |
| 3/16/2015 | 0.01370946 | 0.210763877 | 0.39838039 | 0.212718433 |
| 4/15/2015 | -0.010175013 | 0.184789422 | 0.301523938 | 0.208578656 |
| 5/16/2015 | -0.015721476 | 0.189109463 | 0.213267683 | 0.192132807 |
| 6/15/2015 | 0.008954497 | 0.207181348 | 0.113107907 | 0.163081577 |
| 7/16/2015 | 0.020635234 | 0.207046929 | 0.098702742 | 0.160769249 |
| 8/16/2015 | 0.04207727 | 0.201351456 | 0.062763549 | 0.165998399 |
| 9/15/2015 | 0.023232241 | 0.214294772 | 0.026760101 | 0.161281903 |
| 10/16/2015 | 0.026485737 | 0.224869736 | 0.00740073 | 0.158653542 |
| 11/15/2015 | 0.022937357 | 0.246507803 | -0.008986473 | 0.159377278 |
| 12/16/2015 | 0.069431272 | 0.262355883 | -0.053462221 | 0.190906556 |
| 1/16/2016 | 0.088333609 | 0.255437041 | -0.042234307 | 0.178470783 |
| 2/13/2016 | 0.086447548 | 0.231840062 | -0.04749282 | 0.178377491 |
| 3/16/2016 | 0.082195972 | 0.205803035 | 0.003988531 | 0.168015194 |
| 4/15/2016 | 0.087500362 | 0.148480939 | -0.017361594 | 0.198631944 |
| 5/16/2016 | 0.074489155 | 0.096785441 | -0.04595369 | 0.219239569 |
| 6/15/2016 | 0.024883946 | 0.11154776 | -0.146115086 | 0.215770922 |
| 7/16/2016 | 0.056319734 | 0.168397865 | -0.18289361 | 0.21789423 |
| 8/16/2016 | 0.022968343 | 0.182978293 | -0.202469653 | 0.209761382 |
| 9/15/2016 | -0.03157364 | 0.113875262 | -0.223768312 | 0.216156374 |
| 10/16/2016 | -0.054799912 | 0.074486678 | -0.229307729 | 0.262145833 |
| 11/15/2016 | -0.056112717 | -0.000551637 | -0.278554525 | 0.29613125 |
| 12/16/2016 | -0.075242557 | -0.049441971 | -0.293595727 | 0.293088436 |
| 1/16/2017 | -0.083920567 | -0.067829886 | -0.289246049 | 0.27112989 |
| 2/14/2017 | -0.045446758 | -0.069010691 | -0.278775235 | 0.283460768 |
| 3/16/2017 | -0.059560158 | -0.041772559 | -0.275084067 | 0.306586241 |
| 4/15/2017 | -0.121486156 | -0.05607186 | -0.224106159 | 0.216167433 |
| 5/16/2017 | -0.200112424 | -0.082877737 | -0.173537145 | 0.196267906 |
| 6/15/2017 | -0.221318593 | -0.057371578 | -0.118461767 | 0.15539001 |
| 7/16/2017 | -0.228370014 | -0.058569167 | -0.059541879 | 0.155977393 |
| 8/16/2017 | -0.228948154 | -0.070866585 | -0.05380974 | 0.150573018 |
| 9/15/2017 | -0.234503046 | -0.099254493 | -0.052440263 | 0.151445109 |
| 10/16/2017 | -0.219397834 | -0.10990034 | -0.091670413 | 0.137889903 |
| 11/15/2017 | -0.230280167 | -0.134057336 | -0.093180152 | 0.145783512 |
| 12/16/2017 | -0.225013246 | -0.120367516 | -0.088841376 | 0.131802966 |
| 1/16/2018 | -0.199043531 | -0.089694399 | -0.117745539 | 0.124978894 |
| 2/13/2018 | -0.176536282 | -0.057098817 | -0.126740047 | 0.113565595 |
| 3/16/2018 | -0.166543266 | -0.041004446 | -0.152065159 | 0.075913059 |
| 4/15/2018 | -0.181905453 | -0.020808818 | -0.156927364 | 0.063275456 |
| 5/16/2018 | -0.164040244 | -0.013173142 | -0.200372372 | 0.099055345 |
| 6/15/2018 | -0.210089801 | -0.008558609 | -0.200629636 | 0.052480568 |
| 7/16/2018 | -0.20167508 | 0.028614984 | -0.19313167 | 0.060962839 |
| 8/16/2018 | -0.209022031 | 0.038838804 | -0.166647084 | 0.120173536 |
| 9/15/2018 | -0.228415547 | 0.015739825 | -0.154007975 | 0.130164536 |
| 10/16/2018 | -0.227015476 | 0.018124042 | -0.15282905 | 0.123816214 |
| 11/15/2018 | -0.230843745 | 0.021639322 | -0.155903777 | 0.128092424 |
| 12/16/2018 | -0.217416484 | 0.027024108 | -0.165378438 | 0.115713692 |
| 1/16/2019 | -0.193527749 | 0.065696499 | -0.170631167 | 0.104709016 |
| 2/13/2019 | -0.196064591 | 0.077546645 | -0.181498783 | 0.093262607 |
| 3/16/2019 | -0.195259504 | 0.085906212 | -0.185580716 | 0.108427325 |
| 4/15/2019 | -0.190893541 | 0.098201926 | -0.190487238 | 0.084465922 |
| 5/16/2019 | -0.18238997 | 0.115040251 | -0.203244663 | 0.077324414 |
| 6/15/2019 | -0.181779041 | 0.119581007 | -0.173386306 | 0.072855792 |
| 7/16/2019 | -0.188017866 | 0.120133842 | -0.153423969 | 0.069802343 |
| 8/16/2019 | -0.187423892 | 0.11817245 | -0.112803123 | 0.06463309 |
| 9/15/2019 | -0.214553243 | 0.124592927 | -0.095142091 | 0.054554354 |
| 10/16/2019 | -0.237335222 | 0.129050927 | -0.054277001 | 0.043626297 |
| 11/15/2019 | -0.266832549 | 0.137658727 | -0.024198682 | 0.011170404 |
| 12/16/2019 | -0.344193113 | 0.121209748 | -0.0013186 | -0.052330715 |
| 1/16/2020 | -0.399043156 | 0.099025828 | 0.00338502 | -0.077169053 |
| 2/13/2020 | -0.416742142 | 0.088751445 | 0.001252082 | -0.071402712 |
| 3/16/2020 | -0.432911571 | 0.10049234 | 0.001148597 | -0.083488181 |
| 4/15/2020 | -0.176630257 | 0.165429516 | 0.023593163 | -0.004040947 |
| 5/16/2020 | 0.230198229 | 0.277435049 | 0.06354308 | 0.165421707 |
| 6/15/2020 | 0.302021645 | 0.242541324 | 0.103377902 | 0.280034935 |
| 7/16/2020 | 0.307004193 | 0.25069128 | 0.074405465 | 0.25504397 |
| 8/16/2020 | 0.211707221 | 0.318856439 | 0.023163887 | 0.202650414 |
| 9/15/2020 | 0.174255483 | 0.282858286 | -0.046746118 | 0.183482703 |
| 10/16/2020 | 0.129277901 | 0.249575701 | -0.047469811 | 0.199158568 |
| 11/15/2020 | 0.137140159 | 0.208583235 | -0.050305763 | 0.191902816 |
| 12/16/2020 | 0.136571152 | 0.205054641 | -0.04543987 | 0.173514082 |
| 1/16/2021 | 0.131769526 | 0.194048223 | -0.067035202 | 0.165707113 |
| 2/14/2021 | 0.136893903 | 0.189824069 | -0.092153107 | 0.158599333 |
| 3/16/2021 | 0.139381264 | 0.181357353 | -0.119589214 | 0.152776044 |
| 4/15/2021 | 0.048837875 | 0.123444281 | -0.122911737 | 0.117687176 |
| 5/16/2021 | 0.14471002 | 0.265804488 | -0.108145873 | 0.082191216 |
| 6/15/2021 | 0.362572853 | 0.522278577 | -0.055923402 | 0.065444497 |
| 7/16/2021 | 0.467079657 | 0.598511475 | -0.048175567 | 0.042278492 |
| 8/16/2021 | 0.499129644 | 0.623702628 | -0.06053537 | 0.038998133 |
| 9/15/2021 | 0.497882126 | 0.625710997 | -0.044321684 | 0.034527617 |
| 10/16/2021 | 0.509518372 | 0.640523543 | -0.014942819 | 0.001897566 |
| 11/15/2021 | 0.557671592 | 0.67801229 | 0.129135435 | -0.001826959 |
| 12/16/2021 | 0.621685962 | 0.724003981 | 0.265526242 | 0.028438714 |
| 1/16/2022 | 0.662825171 | 0.752513231 | 0.337622265 | 0.053978742 |
| 2/13/2022 | 0.691032977 | 0.765903004 | 0.404189188 | 0.053424008 |
| 3/16/2022 | 0.697641308 | 0.757257466 | 0.462579806 | 0.095814031 |
| 4/15/2022 | 0.717844976 | 0.737029963 | 0.523218896 | 0.194666127 |
| 5/16/2022 | 0.738581137 | 0.73878115 | 0.577484576 | 0.251436947 |
| 6/15/2022 | 0.754081576 | 0.73988801 | 0.638808337 | 0.343033584 |
| 7/16/2022 | 0.763947917 | 0.742566065 | 0.675529891 | 0.371927752 |
| 8/16/2022 | 0.771964912 | 0.738850387 | 0.717125083 | 0.396667093 |
| 9/15/2022 | 0.77690256 | 0.730517088 | 0.756933146 | 0.416121235 |
| 10/16/2022 | 0.779249519 | 0.720283464 | 0.793225877 | 0.431341623 |
| 11/15/2022 | 0.777459313 | 0.705937194 | 0.814925692 | 0.437989229 |
| 12/16/2022 | 0.77129803 | 0.693982876 | 0.830493984 | 0.419907337 |
| 1/16/2023 | 0.771745187 | 0.676486376 | 0.833757259 | 0.415940245 |
| 2/13/2023 | 0.772947793 | 0.653640591 | 0.827655085 | 0.419882593 |
| 3/16/2023 | 0.771781894 | 0.627291466 | 0.82836947 | 0.423460528 |
| 4/15/2023 | 0.750586577 | 0.585234724 | 0.802674904 | 0.409750348 |
| 5/16/2023 | 0.734725074 | 0.57146361 | 0.77984257 | 0.365207687 |
| 6/15/2023 | 0.721890211 | 0.560365905 | 0.757586226 | 0.335563159 |
| 7/16/2023 | 0.709693123 | 0.554956923 | 0.743909127 | 0.308052317 |
| 8/16/2023 | 0.708541851 | 0.552978345 | 0.719337374 | 0.307859411 |
| 9/15/2023 | 0.705807053 | 0.553492473 | 0.7035987 | 0.30703494 |
| 10/16/2023 | 0.704070409 | 0.556037701 | 0.701923889 | 0.296789031 |
| 11/15/2023 | 0.70094381 | 0.563372064 | 0.700338909 | 0.291938658 |
| 12/16/2023 | 0.699569768 | 0.569165889 | 0.698139966 | 0.295104126 |
| 1/16/2024 | 0.695993274 | 0.574861836 | 0.699398612 | 0.281092022 |
| 2/13/2024 | 0.694422194 | 0.573598085 | 0.701109287 | 0.284229975 |
Note: Correlation values are calculated on a 5-year window ending on the date shown. Underlying data area 3m/3m percent changes at an annualized rate.
Source: Haver Analytics; FRB staff calculations.
Last Update:
August 02, 2024