Below is a chart and brief excerpt from today's Early Look written by Director of Research Daryl Jones.
Globally, the evidence that inflation may be peaking is even more clear. Consider some of the key data we received this week so far:
In fact, based on the CPI inflation we track globally for 47 countries, so far 12 countries have reported slowing CPI in December versus November. Conversely, in November all but 4 countries printed accelerating CPI.