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: 2 Aug 2026, 05:31 · 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 | 🇳🇿 New Zealand RBNZ · 2% | 4.1%↑ | +0.98pp | 1.8% | +2.1pp | Oct 15Sep 2026 CPI | ||
| 2 | 🇺🇸 United States Federal Reserve · 2% | 3.5%↓ | -0.71pp | 2.6% | +1.5pp | — | ||
| 3 | 🇦🇺 Australia RBA · 2.5% | 3.8%↓ | -0.21pp | 3.8% | +1.3pp | Aug 25Jul 2026 CPI | ||
| 4 | 🇪🇺 Eurozone ECB · 2% | 2.9%↑ | +0.10pp | 2.5% | +0.9pp | Aug 11Jul 2026 CPI | ||
| 5 | 🇨🇦 Canada Bank of Canada · 2% | 2.8%↓ | -0.43pp | 1.8% | +0.8pp | Aug 17Jul 2026 CPI | ||
| 6 | 🇳🇴 Norway Norges Bank · 2% | 2.7%↓ | -0.40pp | 2.9% | +0.7pp | Aug 10Jul 2026 CPI | ||
| 7 | 🇬🇧 United Kingdom Bank of England · 2% | 2.6%↓ | -0.20pp | 2.6% | +0.6pp | Aug 19Jul 2026 CPI | ||
| 8 | 🇯🇵 Japan Bank of Japan · 2% | 1.7%↑ | +0.20pp | 1.6% | -0.3pp | Aug 20Jul 2026 CPI | ||
| 9 | 🇨🇭 Switzerland SNB · 1% | 0.5%↓ | -0.17pp | 0.4% | -0.6pp | Aug 3Jul 2026 CPI | ||
| 10 | 🇸🇪 Sweden Riksbank · 2% | 0.7%↓ | -0.10pp | 0.8% | -1.3pp | Aug 6Jul 2026 CPI |
Source: RoboMacro Data API (FRED / IMF / Eurostat). Headline & core CPI YoY%. Deviation (pp) relative to official central bank inflation target. 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 | Aug 25 | Sep 25 | Oct 25 | Nov 25 | Dec 25 | Jan 26 | Feb 26 | Mar 26 | Apr 26 | May 26 | Jun 26 | Jul 26 | Latest |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 🇺🇸 US | 2.9 | 3.0 | — | 2.7 | 2.6 | 2.4 | 2.4 | 3.3 | 3.8 | 4.2 | 3.5 | — | 3.5% |
| 🇬🇧 UK | 3.8 | 3.8 | 3.6 | 3.2 | 3.4 | 3.0 | 3.0 | 3.3 | 2.8 | 2.8 | 2.6 | — | 2.6% |
| 🇯🇵 JP | 2.7 | 2.9 | 3.0 | 2.9 | 2.1 | 1.5 | 1.3 | 1.5 | 1.4 | 1.5 | 1.7 | — | 1.7% |
| 🇪🇺 EZ | 2.0 | 2.2 | 2.1 | 2.1 | 2.0 | 1.7 | 1.9 | 2.6 | 3.0 | 3.2 | 2.8 | 2.9 | 2.9% |
| 🇨🇦 CA | 1.9 | 2.4 | 2.2 | 2.2 | 2.4 | 2.3 | 1.8 | 2.4 | 2.8 | 3.2 | 2.8 | — | 2.8% |
| 🇦🇺 AU | 3.2 | 3.6 | 3.8 | 3.4 | 3.8 | 3.8 | 3.7 | 4.6 | 4.2 | 4.0 | 3.8 | — | 3.8% |
| 🇳🇿 NZ | — | 3.0 | — | — | 3.1 | — | — | 3.1 | — | — | 4.1 | — | 4.1% |
| 🇨🇭 CH | 0.1 | 0.2 | 0.1 | 0.0 | 0.1 | 0.1 | 0.1 | 0.3 | 0.6 | 0.6 | 0.5 | — | 0.5% |
| 🇸🇪 SE | 1.1 | 0.9 | 0.9 | 0.3 | 0.3 | 0.5 | 0.5 | 0.6 | -0.1 | 0.8 | 0.7 | — | 0.7% |
| 🇳🇴 NO | 3.5 | 3.6 | 3.1 | 3.0 | 3.2 | 3.6 | 2.7 | 3.6 | 3.4 | 3.1 | 2.7 | — | 2.7% |
Source: RoboMacro Data API (FRED / IMF / Eurostat). YoY% change. Colours encode deviation from each country's central bank inflation target.
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 (FRED / IMF / Eurostat). Quarterly average of monthly YoY% readings. Dashed green line at 2% represents the typical G10 central bank inflation target.
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 — food at home, used vehicles, apparel, energy. Flexible CPI is more volatile and often leads overall 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)
About
G10 Inflation Monitor is updated automatically using the RoboMacro Data API. Monthly newsletters are emailed to subscribers on the 1st of each month.
Data Sources
FRED (St. Louis Fed) · IMF International Financial Statistics · Eurostat HICP · DBnomics aggregate · National statistics offices
Methodology
Headline CPI: YoY% change. Core CPI: ex food & energy YoY%. Quarterly figures are averages of monthly readings. Deviation = actual minus central bank target (pp).
© RoboMacro · G10 Inflation Monitor · Cartographic Modernism design system
