Macro Nugget: EM PPI telling DM what to come?
Looks like we are not done talking about inflation just yet ...
![Free Macro Nugget](https://stenoresearch.com/wp-content/uploads/2024/04/Free-Macro-Nugget.png)
Our DM and EM baskets for PPI numbers suggest that the inflationary pressures are still looming out there. Before we know it inflation might be a talking point again, at least the EM basket “led” the DM basket in 2021 and we all know how that ended.
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