Inflation is one of the most important drivers of asset returns. An accurate and timely read of unfolding conditions is critical to investment success. The Augur Labs Timely Underlying Inflation Nowcast is an alternative, big-data-driven measure of CPI changes.

Global Inflation Nowcast as of 4/16/2024
Underlying Inflation (3-Month, Annualized) 1m Change 3m Change 1m History
World 5.8% -1.7% -0.9% 7.427, 7.389, 7.338, 7.295, 7.157, 7.11, 7.063, 7.023, 7.03, 7.266, 6.789, 6.727, 6.69, 6.68, 6.6, 6.565, 6.432, 6.196, 5.898, 5.81, 5.761
Developed World 3.8% 0.4% 2.6% 3.343, 3.397, 3.419, 3.452, 3.531, 3.559, 3.591, 3.63, 3.739, 3.795, 3.787, 3.784, 3.776, 3.817, 3.829, 3.84, 3.777, 3.772, 3.763, 3.788, 3.77
United States 4.8% 0.5% 3.9% 4.322, 4.365, 4.408, 4.447, 4.574, 4.614, 4.652, 4.697, 4.975, 5.057, 5.046, 5.036, 5.028, 5.077, 5.052, 5.05, 4.893, 4.879, 4.865, 4.826, 4.812
DW ex US 2.8% 0.3% 1.5% 2.445, 2.508, 2.512, 2.539, 2.574, 2.592, 2.618, 2.65, 2.605, 2.636, 2.631, 2.635, 2.627, 2.661, 2.707, 2.729, 2.752, 2.756, 2.751, 2.835, 2.815
Euro Area 3.1% 0.4% 2.2% 2.693, 2.714, 2.738, 2.757, 2.81, 2.832, 2.845, 2.894, 2.782, 2.805, 2.807, 2.788, 2.803, 2.868, 2.912, 2.933, 2.965, 2.946, 2.964, 3.053, 3.056
Core 3.3% 0.2% 2.4% 3.082, 3.105, 3.126, 3.145, 3.189, 3.21, 3.235, 3.287, 3.002, 3.008, 3.003, 2.964, 2.975, 3.048, 3.083, 3.103, 3.121, 3.147, 3.158, 3.253, 3.287
Germany 3.6% 0.4% 2.5% 3.246, 3.274, 3.3, 3.323, 3.385, 3.413, 3.447, 3.468, 3.486, 3.521, 3.499, 3.5, 3.503, 3.461, 3.432, 3.432, 3.436, 3.452, 3.477, 3.549, 3.577
France 1.8% -0.4% 1.3% 2.222, 2.222, 2.22, 2.213, 2.169, 2.161, 2.156, 2.136, 1.207, 1.157, 1.175, 1.203, 1.234, 1.385, 1.502, 1.538, 1.575, 1.615, 1.596, 1.741, 1.794
Netherlands 5.6% 0.8% 4.8% 4.843, 4.91, 4.985, 5.062, 5.283, 5.356, 5.433, 5.518, 5.622, 5.765, 5.736, 5.303, 5.266, 5.571, 5.579, 5.623, 5.624, 5.627, 5.635, 5.626, 5.608
Belgium 4.5% 1.4% 2.7% 3.064, 3.082, 3.096, 3.111, 3.146, 3.165, 3.188, 3.75, 3.77, 3.611, 3.65, 3.697, 3.748, 3.851, 3.987, 4.037, 4.088, 4.148, 4.214, 4.415, 4.486
Periphery 2.6% 0.7% 1.7% 1.946, 1.965, 1.995, 2.013, 2.083, 2.108, 2.096, 2.141, 2.361, 2.417, 2.432, 2.451, 2.471, 2.525, 2.585, 2.607, 2.665, 2.561, 2.593, 2.668, 2.612
Italy 1.9% 1.2% 2.3% 0.671, 0.695, 0.748, 0.774, 0.88, 0.915, 0.954, 0.989, 1.45, 1.547, 1.574, 1.605, 1.637, 1.714, 1.816, 1.851, 1.884, 1.916, 1.95, 2.047, 1.901
Spain 3.8% 0.5% 1.8% 3.341, 3.375, 3.402, 3.432, 3.524, 3.558, 3.471, 3.495, 3.521, 3.578, 3.579, 3.583, 3.591, 3.623, 3.621, 3.629, 3.64, 3.653, 3.685, 3.739, 3.76
Ireland 1.2% -1.3% -1.2% 2.426, 2.394, 2.364, 2.333, 2.246, 2.218, 2.188, 2.159, 2.124, 2.067, 2.082, 2.1, 2.111, 2.146, 2.216, 2.233, 2.251, 1.151, 1.163, 1.181, 1.185
Portugal 4.0% 1.1% 3.1% 2.881, 2.909, 2.934, 2.959, 3.03, 3.059, 3.094, 3.515, 3.538, 3.56, 3.576, 3.599, 3.623, 3.699, 3.778, 3.804, 3.756, 3.792, 3.831, 3.952, 3.996
Greece 3.7% 0.8% 1.1% 2.834, 2.812, 2.788, 2.767, 2.715, 2.695, 2.684, 2.687, 2.691, 2.669, 2.654, 2.655, 2.654, 2.654, 2.66, 2.674, 3.507, 3.529, 3.564, 3.656, 3.693
Japan 1.2% 0.0% -0.1% 1.171, 1.152, 1.133, 1.197, 1.151, 1.156, 1.157, 1.165, 1.175, 1.199, 1.203, 1.209, 1.208, 1.157, 1.143, 1.146, 1.15, 1.152, 1.157, 1.18, 1.191
United Kingdom 4.1% 0.8% 2.4% 3.233, 3.691, 3.629, 3.651, 3.714, 3.734, 3.753, 3.776, 3.797, 3.813, 3.824, 3.838, 3.852, 3.866, 3.912, 3.928, 3.945, 3.963, 3.982, 4.036, 4.052
Canada 3.1% 0.8% 0.7% 1.664, 1.673, 1.683, 1.696, 1.735, 1.754, 1.776, 1.794, 1.824, 2.012, 2.102, 2.199, 2.297, 2.467, 2.74, 2.849, 2.957, 3.068, 3.154, 3.455, 3.091
Australia 3.2% 0.2% 1.4% 2.985, 3.008, 3.029, 3.054, 3.124, 3.146, 3.37, 3.401, 3.432, 3.363, 3.13, 3.149, 3.164, 3.068, 3.072, 3.076, 3.086, 3.098, 3.117, 3.19, 3.206
Switzerland 1.3% -0.4% 0.2% 1.723, 1.736, 1.749, 1.762, 1.793, 1.808, 1.826, 1.839, 1.847, 1.915, 1.933, 1.959, 1.131, 1.13, 1.16, 1.173, 1.187, 1.203, 1.223, 1.283, 1.306
Sweden 3.0% -0.7% 0.1% 3.728, 3.748, 3.766, 3.785, 3.833, 3.858, 3.89, 3.911, 3.923, 4.009, 4.0, 4.009, 4.026, 4.086, 4.069, 4.074, 4.081, 4.098, 2.962, 2.975, 2.992
Norway 3.8% -0.1% -0.7% 3.978, 3.976, 3.976, 3.976, 3.965, 3.968, 3.971, 3.978, 3.986, 3.951, 3.941, 3.93, 3.916, 4.013, 4.027, 4.03, 3.791, 3.796, 3.805, 3.825, 3.829
New Zealand 3.1% 0.6% 1.0% 2.535, 2.566, 2.598, 2.631, 2.713, 2.745, 2.778, 2.817, 2.854, 2.858, 2.882, 2.909, 2.934, 2.877, 2.921, 2.939, 2.959, 2.98, 3.006, 3.086, 3.114
Emerging Markets 8.7% -4.9% -6.2% 13.472, 13.299, 13.137, 12.983, 12.525, 12.366, 12.203, 12.044, 11.902, 12.405, 11.233, 11.082, 11.003, 10.916, 10.701, 10.598, 10.363, 9.785, 9.059, 8.802, 8.708
China 1.0% -0.8% 1.0% 1.827, 1.83, 1.833, 1.831, 1.853, 1.86, 1.866, 1.874, 1.898, 1.875, 1.892, 1.909, 1.929, 1.879, 1.919, 1.937, 1.952, 0.958, 0.965, 0.983, 0.987
EM ex China 16.6% -9.1% -13.6% 25.377, 25.024, 24.694, 24.385, 23.435, 23.107, 22.77, 22.441, 22.129, 23.17, 20.783, 20.46, 20.281, 20.156, 19.679, 19.452, 18.961, 18.808, 17.334, 16.796, 16.601
EM Asia ex China 3.8% 0.2% 1.3% 3.592, 3.639, 3.681, 3.739, 3.905, 3.949, 3.989, 4.041, 4.091, 4.218, 3.959, 3.986, 4.019, 4.121, 4.254, 4.232, 4.277, 4.322, 3.627, 3.744, 3.766
India 4.3% -0.3% 0.0% 4.718, 4.786, 4.854, 4.924, 5.107, 5.174, 5.238, 5.311, 5.383, 5.505, 5.553, 5.611, 5.668, 5.762, 5.936, 6.013, 6.082, 6.148, 4.109, 4.274, 4.329
South Korea 5.1% 0.7% 4.4% 4.563, 4.665, 4.817, 4.971, 5.345, 5.431, 5.496, 5.605, 5.706, 5.712, 4.243, 4.234, 4.262, 4.612, 4.809, 4.857, 4.901, 4.958, 5.025, 5.141, 5.1
Indonesia 2.9% 0.7% 0.5% 2.142, 2.141, 2.14, 2.14, 2.137, 2.136, 2.135, 2.134, 2.133, 2.63, 2.648, 2.665, 2.683, 2.693, 2.743, 2.759, 2.776, 2.792, 2.809, 2.858, 2.874
Taiwan 2.3% -0.2% 0.7% 2.491, 2.492, 2.493, 2.493, 2.499, 2.502, 2.503, 2.507, 2.511, 2.59, 2.6, 2.615, 2.629, 2.771, 2.874, 2.076, 2.111, 2.146, 2.182, 2.29, 2.32
Thailand 1.4% 0.8% 2.2% 0.615, 0.644, 0.674, 0.705, 0.783, 0.816, 0.848, 0.884, 0.919, 0.984, 1.017, 1.056, 1.094, 0.954, 1.071, 1.112, 1.151, 1.189, 1.23, 1.358, 1.396
Malaysia 3.1% 1.1% 2.5% 2.032, 2.044, 2.055, 2.067, 2.549, 2.567, 2.585, 2.605, 2.623, 2.696, 2.7, 2.707, 2.712, 2.833, 2.904, 2.932, 2.955, 2.979, 3.006, 3.086, 3.109
Philippines 5.2% 0.8% 3.5% 4.403, 4.447, 4.49, 4.535, 4.662, 4.708, 4.754, 4.801, 4.848, 4.934, 4.973, 5.016, 5.057, 4.701, 4.835, 4.881, 4.926, 4.97, 5.018, 5.16, 5.203
Singapore 3.7% 0.1% 1.6% 3.61, 3.611, 3.609, 3.61, 3.575, 3.575, 3.575, 3.576, 3.578, 3.567, 3.553, 3.542, 3.53, 3.638, 3.651, 3.658, 3.662, 3.665, 3.671, 3.688, 3.688
Hong Kong 1.1% -0.2% -1.8% 1.252, 1.251, 0.849, 0.846, 0.835, 0.832, 0.828, 0.824, 0.821, 0.759, 0.779, 0.799, 0.82, 0.836, 0.895, 0.914, 0.934, 0.954, 0.973, 1.032, 1.051
Latin America 50.4% -40.8% -69.2% 89.609, 87.779, 86.152, 84.563, 79.752, 78.091, 76.412, 74.724, 73.296, 77.822, 67.498, 66.563, 65.672, 64.828, 62.46, 61.501, 59.86, 59.02, 53.944, 51.35, 50.445
Brazil 3.1% -1.9% -0.7% 5.009, 5.025, 5.025, 5.025, 5.018, 5.017, 5.018, 5.017, 5.018, 5.03, 5.033, 5.041, 5.036, 4.934, 4.919, 4.916, 3.239, 3.218, 3.201, 3.137, 3.118
Mexico 4.1% -0.4% -0.9% 4.504, 4.5, 4.505, 4.515, 4.566, 4.587, 4.579, 4.56, 4.556, 4.604, 4.601, 4.583, 4.551, 4.559, 4.56, 4.211, 4.206, 4.199, 4.201, 4.148, 4.139
Argentina 321.2% -269.2% -463.9% 579.52, 567.08, 556.037, 545.245, 512.541, 501.236, 489.879, 478.491, 468.822, 499.334, 429.371, 423.059, 417.114, 411.707, 395.711, 390.105, 384.465, 378.855, 344.512, 327.277, 321.228
EM Europe 15.3% -1.9% 2.4% 17.183, 17.185, 17.18, 17.19, 17.186, 17.214, 17.229, 17.26, 17.131, 17.101, 17.013, 16.432, 16.41, 16.422, 16.266, 16.227, 15.546, 15.566, 15.514, 15.353, 15.306
Russia 5.1% -1.2% -2.6% 6.349, 6.342, 6.331, 6.316, 6.229, 6.234, 6.22, 6.21, 6.209, 6.207, 6.224, 6.231, 6.238, 6.267, 6.29, 6.32, 5.17, 5.164, 5.158, 5.14, 5.131
Turkey 55.6% -7.0% 17.0% 62.599, 62.565, 62.519, 62.55, 62.639, 62.723, 62.788, 62.916, 63.118, 62.985, 62.499, 59.715, 59.276, 59.162, 58.212, 57.894, 57.566, 57.244, 56.926, 55.926, 55.575
Poland 1.7% -0.2% -1.5% 1.882, 1.923, 1.959, 1.99, 2.033, 2.044, 2.057, 2.077, 1.039, 0.914, 0.925, 0.944, 0.97, 1.003, 1.111, 1.161, 1.221, 1.29, 1.36, 1.584, 1.66
Czech Republic 4.6% 1.6% 2.5% 3.032, 3.078, 3.123, 3.169, 3.3, 3.349, 3.402, 3.448, 3.487, 3.704, 3.738, 3.783, 4.648, 4.757, 4.897, 4.937, 4.281, 4.325, 4.374, 4.519, 4.572
Hungary 6.3% 3.7% 3.8% 2.664, 2.705, 2.744, 2.784, 2.904, 2.949, 2.998, 3.038, 3.071, 3.203, 3.247, 3.304, 3.369, 3.546, 3.709, 3.764, 3.822, 5.563, 5.653, 5.925, 6.3
South Africa 6.2% 1.3% 4.7% 4.937, 5.645, 5.687, 5.729, 5.84, 5.878, 5.916, 5.952, 5.983, 6.135, 6.132, 6.127, 6.152, 6.193, 6.236, 6.245, 6.246, 6.244, 6.241, 6.188, 6.178