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: 17 Sept 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%↑ | +1.00pp | 3.2% | +2.1pp | Oct 15Sep 2026 CPI | ||
| 2 | United States Federal Reserve · 2% | 3.4%→ | +0.00pp | 2.4% | +1.4pp | Oct 1408:30 ETSep 2026 CPI | ||
| 3 | Eurozone ECB · 2% | 3.3%↑ | +0.40pp | 2.4% | +1.3pp | Oct 1Sep 2026 CPI | ||
| 4 | Norway Norges Bank · 2% | 3.3%↑ | +0.30pp | 3.0% | +1.3pp | Oct 902:00 ETSep 2026 CPI | ||
| 5 | United Kingdom Bank of England · 2% | 3.1%↑ | +0.20pp | 2.6% | +1.1pp | — | ||
| 6 | Canada Bank of Canada · 2% | 3.0%→ | +0.00pp | 2.4% | +1.0pp | — | ||
| 7 | Australia RBA · 2.5% | 3.5%↓ | -0.45pp | 3.6% | +1.0pp | — | ||
| 8 | Japan Bank of Japan · 2% | 1.9%↑ | +0.30pp | 1.8% | -0.1pp | Today 19:30 ET | ||
| 9 | Switzerland SNB · 1% | 0.8%↑ | +0.40pp | 0.5% | -0.2pp | Oct 102:30 ETSep 2026 CPI | ||
| 10 | Sweden Riksbank · 2% | 0.7%→ | +0.00pp | — | -1.3pp | Oct 702:00 ETSep 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 | Sep 25 | Oct 25 | Nov 25 | Dec 25 | Jan 26 | Feb 26 | Mar 26 | Apr 26 | May 26 | Jun 26 | Jul 26 | Aug 26 | Latest |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| US | 3.0 | — | 2.7 | 2.7 | 2.4 | 2.4 | 3.3 | 3.8 | 4.2 | 3.5 | 3.4 | 3.4 | 3.4% |
| UK | 3.8 | 3.6 | 3.2 | 3.4 | 3.0 | 3.0 | 3.3 | 2.8 | 2.8 | 2.6 | 2.9 | 3.1 | 3.1% |
| JP | 2.9 | 3.0 | 2.9 | 2.1 | 1.5 | 1.3 | 1.5 | 1.4 | 1.5 | 1.6 | 1.9 | — | 1.9% |
| EZ | 2.2 | 2.1 | 2.1 | 2.0 | 1.7 | 1.9 | 2.6 | 3.0 | 3.2 | 2.8 | 2.9 | 3.3 | 3.3% |
| CA | 2.4 | 2.2 | 2.2 | 2.4 | 2.3 | 1.8 | 2.4 | 2.8 | 3.2 | 2.8 | 3.0 | 3.0 | 3.0% |
| AU | 3.6 | 3.8 | 3.4 | 3.8 | 3.8 | 3.7 | 4.1 | 4.2 | 4.0 | 3.9 | 3.5 | — | 3.5% |
| NZ | 3.0 | — | — | 0.6 | — | — | 3.1 | — | — | 4.1 | — | — | 4.1% |
| CH | 0.2 | 0.1 | 0.0 | 0.1 | 0.1 | 0.1 | 0.3 | 0.6 | 0.6 | 0.5 | 0.4 | 0.8 | 0.8% |
| SE | — | — | — | 2.1 | 2.0 | 1.7 | 1.6 | 0.8 | 1.5 | 1.3 | 0.7 | 0.7 | 0.7% |
| NO | 3.6 | 3.1 | 3.0 | 3.2 | 3.6 | 2.7 | 3.6 | 3.4 | 3.1 | 2.7 | 3.0 | 3.3 | 3.3% |
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)
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
