• HEDGEYE’S MARKET BRIEF
    Our FREE Investing Newsletter
    Get Exclusive Summer Sale Discounts

    By joining our email marketing list you agree to receive marketing emails from Hedgeye. You may unsubscribe at any time by clicking the unsubscribe link in one of the emails. All Hedgeye products and services are subject to Hedgeye’s Terms of Service available at www.hedgeye.com/terms_of_service

Recall that Vietnam signaled the global inflation cycle very early, back in November of 2007. Today’s inflation report for July could very well signal the top of inflation becoming consensus. Inflation in Vietnam slowed for the 1st time since October 2007, coming in at +1.1% month over month, versus last month’s +2.1% increase.

While +27% year over year inflation is hardly deflationary. The point here is the sequential monthly rate of change. I think this will be broad based across country level inflation reports as the July data is released in August.

Inflation is consensus. Now the focus shifts to trying to find when/if it slows.
KM