Global Economic Observatory
G10 Inflation Monitor
Monthly consumer price data across the G10 economies, sourced from FRED, IMF, and Eurostat. Updated automatically via the RoboMacro Data API.
Last refreshed: 1 Nov 2026, 05:32 · Data cached 1 hour
Current Readings
G10 Inflation Snapshot
Headline CPI, 12-month sparkline, deviation from central bank target, core rate, and next release — all in one view. Click column headers to sort.
| # | Country ↕ | 12m Trend | vs Target | CPI ↕ | Chg ↕ | Core ↕ | Dev ↓ | Next |
|---|---|---|---|---|---|---|---|---|
| 1 | Eurozone ECB · 2% | 3.8%↑ | +0.60pp | 2.5% | +1.8pp | Today | ||
| 2 | United States Federal Reserve · 2% | 3.7%↑ | +0.30pp | 2.6% | +1.7pp | Nov 1008:30 ETOct 2026 CPI | ||
| 3 | New Zealand RBNZ · 2% | 3.7%↓ | -0.40pp | 2.5% | +1.7pp | Jan 22Dec 2026 CPI | ||
| 4 | United Kingdom Bank of England · 2% | 3.5%↑ | +0.40pp | 2.8% | +1.5pp | Nov 1802:00 ETOct 2026 CPI | ||
| 5 | Australia RBA · 2.5% | 3.9%↓ | -0.10pp | 3.7% | +1.4pp | Nov 2419:30 ETOct 2026 CPI | ||
| 6 | Norway Norges Bank · 2% | 3.4%↑ | +0.08pp | 3.0% | +1.4pp | Nov 1002:00 ETOct 2026 CPI | ||
| 7 | Canada Bank of Canada · 2% | 3.1%↑ | +0.09pp | 2.1% | +1.1pp | Nov 1608:30 ETOct 2026 CPI | ||
| 8 | Japan Bank of Japan · 2% | 2.1%↑ | +0.20pp | 2.1% | +0.1pp | Nov 2018:30 ETOct 2026 CPI | ||
| 9 | Switzerland SNB · 1% | 1.0%↑ | +0.20pp | 0.6% | +0.0pp | Nov 302:30 ETOct 2026 CPI | ||
| 10 | Sweden Riksbank · 2% | 1.5%↑ | +0.80pp | — | -0.5pp | Nov 502:00 ETOct 2026 CPI |
Source: national statistics offices via the RoboMacro Data API. Headline is each country’s policy print; core is the local operational measure. Next times are ET. Click column headers to sort.
Monthly Heatmap
12-Month CPI Heatmap
Colour intensity encodes deviation from each country's central bank inflation target. Numbers show the actual YoY% reading.
| Country | Oct 25 | Nov 25 | Dec 25 | Jan 26 | Feb 26 | Mar 26 | Apr 26 | May 26 | Jun 26 | Jul 26 | Aug 26 | Sep 26 | Latest |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| US | — | 2.7 | 2.7 | 2.4 | 2.4 | 3.3 | 3.8 | 4.2 | 3.5 | 3.4 | 3.4 | 3.7 | 3.7% |
| UK | 3.6 | 3.2 | 3.4 | 3.0 | 3.0 | 3.3 | 2.8 | 2.8 | 2.6 | 2.9 | 3.1 | 3.5 | 3.5% |
| JP | 3.0 | 2.9 | 2.1 | 1.5 | 1.3 | 1.5 | 1.4 | 1.5 | 1.6 | 1.9 | 1.9 | 2.1 | 2.1% |
| EZ | 2.1 | 2.1 | 2.0 | 1.7 | 1.9 | 2.6 | 3.0 | 3.2 | 2.8 | 2.9 | 3.2 | 3.8 | 3.8% |
| CA | 2.2 | 2.2 | 2.4 | 2.3 | 1.8 | 2.4 | 2.8 | 3.2 | 2.8 | 3.0 | 3.0 | 3.1 | 3.1% |
| AU | 3.8 | 3.4 | 3.8 | 3.8 | 3.7 | 4.1 | 4.2 | 4.0 | 3.9 | 3.5 | 4.0 | 3.9 | 3.9% |
| NZ | — | — | 0.6 | — | — | 3.1 | — | — | 4.1 | — | — | 3.7 | 3.7% |
| CH | 0.1 | 0.0 | 0.1 | 0.1 | 0.1 | 0.3 | 0.6 | 0.6 | 0.5 | 0.4 | 0.8 | 1.0 | 1.0% |
| SE | — | — | 2.1 | 2.0 | 1.7 | 1.6 | 0.8 | 1.5 | 1.3 | 0.7 | 0.7 | 1.5 | 1.5% |
| NO | 3.1 | 3.0 | 3.2 | 3.6 | 2.7 | 3.6 | 3.4 | 3.1 | 2.7 | 3.0 | 3.3 | 3.4 | 3.4% |
Source: RoboMacro Data API. YoY% change. Colours encode deviation from each country’s inflation target (RBA 2.5%, others typically 2%). Blank cells are unpublished months, not zeros.
Quarterly Trend
G10 Inflation — Quarterly Overview
Quarterly averages of monthly CPI YoY% readings. Toggle countries on/off using the buttons above the chart.
- US
- UK
- JP
- EZ
- CA
- AU
- NZ
- CH
- SE
- NO
Source: RoboMacro Data API. Quarterly average of monthly YoY% readings. Dashed line at 2% is a typical G10 target — not the RBA’s 2.5% or the SNB’s below-2% objective.
US Inflation Structure
Sticky vs Flexible Price CPI
Atlanta Fed decomposition of US core CPI into sticky-price items (shelter, medical) and flexible-price items (food, energy, used vehicles). Sticky inflation is a more persistent signal; flexible inflation leads by 6–12 months. Source: Federal Reserve Bank of Atlanta / FRED.
- Sticky-Price Core
- Flexible-Price Core
- BLS Core CPI
Sticky-Price Components
Prices that adjust infrequently — shelter, medical care, education, personal services. Sticky inflation is harder to dislodge and more informative about underlying inflation trend.
Flexible-Price Components
Prices that reprice quickly within core CPI — used vehicles, apparel, airfares. This series already excludes food and energy (Atlanta Fed core flexible). It is more volatile and often leads core inflation by 6–12 months.
Source: Federal Reserve Bank of Atlanta / FRED (St. Louis Fed) · Updated monthly
Input Costs
Commodity Pass-Through to Core CPI
Producer commodity prices (PPI, all commodities) typically lead core consumer inflation by several months as input costs transmit through the supply chain. Both series shown as 12-month percent change. Source: FRED (BLS).
- Commodity PPI (YoY)
- Core CPI (YoY)
Producer commodity prices typically lead core consumer inflation by several months. Source: FRED (St. Louis Fed) — BLS PPI & CPI · Updated monthly
Expectations vs Reality
US Inflation Surprise Index
Actual minus consensus (percentage points) for US CPI and PCE releases — positive means inflation came in hotter than economists expected. Recent/rolling window based on the RoboMacro economic calendar.
Actual minus consensus for US CPI/PCE releases (positive = hotter than expected). Source: RoboMacro economic calendar (US CPI/PCE releases)
Method
How these readings are built
Headline CPI is the 12-month percent change in the official consumer-price index; core is ex food and energy. Quarterly bars average the monthly YoY readings. Deviation is headline minus the central bank’s stated target, in percentage points. Sticky vs flexible US CPI is the Atlanta Fed split (FRED). The surprise index is actual minus consensus from the RoboMacro calendar, not a model residual. G10 on this page: USD, GBP, JPY, EUR, CAD, AUD, NZD, CHF, SEK, NOK. We do not nowcast the next print here — that sits on the G10 Taylor Rule and hawk/dove monitor. Sources: FRED, IMF IFS, Eurostat HICP, DBnomics, national statistics offices.
G10 Inflation Monitor is updated via the RoboMacro Data API. Monthly notes go out on the 1st.
