Global inflation rankings for 186 countries/regions at a glance

Markets are focusing on tonight's US CPI report, released at 21:30 on Tuesday, November 14. The median expectations of economists surveyed currently show that the monthly rate of CPI in the United States in October is expected to rise by 0.1% and the annual rate is expected to rise by 3.3%, while the monthly rate of core CPI is expected to rise by 0.3% and the annual rate is expected to increase by 4.1%.

Figure 1 below:Let's take a look at the overall inflation rankings for 186 countries around the world：

Figure 2 below shows the historical trend of the data to be released tonight and the two core data:

Barclays, BNP, BofA Securities: Core inflation last month was expected to rise at an annual rate of 4.2%, slightly higher than market expectations. Core inflation last month either stayed at 0.3% or rose slightly to 0.4%.

Bob Haberkorn, senior market strategist at RJO Futures, said: If the data shows that U.S. inflation is higher than expected, gold prices may correct, as this indicates that the possibility of another interest rate hike has increased.

Bednarik, principal analyst at FXStreet, noted that spot gold held a bearish tone as investors moved away from safe havens. Investors are likely to get a clearer clue from the US on Tuesday, when it releases October CPI.

More importantly, a weaker measure of what is known as "supercore inflation" - a measure of services that excludes energy and housing - is again expected to be well above the Fed's 2 per cent target. All of this comes just after Fed Chairperson Jerome Powell voiced alarm about a "false peak" in inflation, with a University of Michigan consumer survey last week finding that inflation expectations were markedly higher this year and in the long run.