Inflation across the globe | Domo

We have performed a range of weblog posts on inflation and other economic indicators applying data from the US Bureau of Labor Statistics.  On the other hand we know the planet (and Domo’s user base) goes over and above just the United States so we went in search of facts to enable convey to the broader international tale of inflation.  Luckily for us, the Firm for Financial Co-procedure and Development (OECD) collects this inflation details on lots of nations around the world and cross-national organizations.  They also have a shared the facts as a result of an organized API framework identified as SDMX (Statistical Details and Metadata Trade) which means we can use Domo’s Jupyter Workspaces integration to automate the course of action of bringing the knowledge into Domo (Code for loading this facts can be observed listed here.  Credit to McWayne Mumford for finding this doing the job for me). 

A person of the larger concerns we have explored in the past is no matter whether inflation is lastly obtaining greater (decreased getting superior in this scenario).  The map beneath provides us a snapshot of what route inflation is likely dependent on the most recent thirty day period of OECD information.  As of this producing (numbers will keep on to update so you can appear back again right here and verify), we can see that numerous international locations have observed inflation receiving improved (Russia not currently being one of those but if you hover on the map you can see that the hottest facts is from March 2022). We can also see that overall inflation is significantly greater in Europe than in the more compact G-7.

We also can use this info to go further on one particular specific state.  For illustration below is the facts defaulted for Japan searching at inflation back again to 2017.  When inflation is continue to heading up in Japan, it is drastically lower than in the United States or Europe. You can go forward and change to a various nation as required or search at more yrs or a unique evaluate this sort of as Food items.

We will go on to explore these OECD and other global data sources to make sure we preserve a worldwide point of view in this house.