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Christophe Barraud, chief economist / strategist at Market Securities, highlights a Bloomberg chart on the global economy showing how inflation is affecting both incomes and consumer spending.
The data underscores the broad impact of rising prices on households worldwide.
Barraud has previously highlighted the rising costs of copper, lumber, diesel and aluminum as key challenges for the U.S. housing market. He also reported that China's export prices reached a three-year high due to an oil shock. Both developments reflect ongoing cost pressures in major economies.