Core Viewpoint - Egypt's annual overall inflation rate slowed to 10.1% in October from 10.3% in September, indicating a slight easing in inflationary pressures [1] Inflation Data - The Consumer Price Index (CPI) in Egypt rose from 260.9 points in September to 264.3 points in October, primarily driven by an increase in fuel prices [1] - Prices for vegetables, meat, dairy, clothing, and home appliances saw a slight increase in October compared to September, while prices for fish, fruits, and hotel services experienced a slight decline [1]

Core Insights - The release of the latest consumer and producer price indexes has been delayed due to the government shutdown [1] Group 1 - The government shutdown has impacted the scheduled release of important economic indicators [1]

Core Insights - The annualized core inflation rate for Bosnia's service sector from January to September is estimated at 4.33% [1] - The consumer price index for the service sector has an annualized increase of 4.84% [1] Inflation Drivers - The most significant impact on September's monthly inflation came from telephone and fax services, although their price increase was too low to affect the overall core inflation trend for the year [1] - Healthcare service prices and hotel and restaurant service prices are the main contributors to the sustained rise in core inflation from January to September [1] - Personal care services also experienced price increases, which had a notable impact on core inflation due to their high price weight [1]

Group 1 - The Eurozone's preliminary Consumer Price Index (CPI) for October increased by 2.1%, matching expectations and slightly down from the previous value of 2.2% [1]

Group 1 - The initial consumer price index (CPI) for Germany in October shows a year-on-year increase of 2.3%, which is above the forecast of 2.2% but below the previous value of 2.4% [1]

Core Insights - The consumer price index in Bosnia and Herzegovina increased by an average of 4.2% year-on-year and 0.2% month-on-month as of September 2025 [1] Price Changes by Category - Month-on-month price changes include: - Alcoholic beverages and tobacco: +0.2% - Clothing and footwear: +0.6% - Housing and utilities: +1.2% - Healthcare services: +0.2% - Communications: +1.3% - Education services: +1.3% - Restaurants and hotels: +0.7% - Food and non-alcoholic beverages: -0.2% - Transport services: -0.4% - Other goods and services: -0.2% [1] - Year-on-year price changes include: - Food and non-alcoholic beverages: +7.8% - Alcoholic beverages and tobacco: +3.9% - Housing and utilities: +2.3% - Furniture, household appliances, and routine household maintenance: +1.3% - Healthcare services: +5.9% - Communications: +1.7% - Recreation and culture: +4.8% - Education services: +3.6% - Restaurants and hotels: +8.0% - Other goods and services: +3.0% - Clothing and footwear: -7.5% - Transport services: -0.8% [1]

Core Insights - The Consumer Price Index (CPI) in Canada rose to 2.4% in September, driven by increases in grocery prices and rent [1] - Excluding the impact of falling gasoline prices, the CPI would have reached 2.6% [1] - The Bank of Canada typically aims to maintain an inflation rate around 2% [1] - A monetary policy meeting is scheduled for October 29, with the inflation data serving as a significant indicator [1]

Core Insights - The economic highlight of the week will be the September consumer price index, which is scheduled for release on Friday [1] Economic Indicators - The September consumer price index is anticipated to provide significant insights into inflation trends [1]

Group 1 - The U.S. government shutdown has entered its 12th day, with increasing uncertainty for hundreds of thousands of federal workers already on unpaid leave, as bipartisan negotiations remain stalled [1][2] - The shutdown began on October 1, leading to temporary layoffs in various departments, including Education, Treasury, and Homeland Security, with significant layoffs expected if the situation continues [1][3] - The previous shutdown from late 2018 to early 2019 lasted 35 days and resulted in an estimated $3 billion loss to the U.S. GDP, highlighting the economic impact of prolonged government closures [2][3] Group 2 - Prolonged shutdowns could lead to significant job losses in key sectors reliant on government funding, such as research, education, and infrastructure, causing long-term damage to the labor market [3][4] - The shutdown is expected to delay or cancel the release of critical economic data, affecting foreign businesses operating in the U.S. and complicating the Federal Reserve's economic assessments [4][6] - Standard & Poor's Global estimates that each week of the shutdown could reduce U.S. GDP by 0.1% to 0.2%, with potential long-term repercussions on market stability and investor confidence [4][5] Group 3 - The shutdown's impact is expected to extend beyond the U.S., with the European economy potentially losing €4 billion after two weeks and €16 billion after eight weeks, indicating a nonlinear effect on global markets [5][6] - Analysts predict that a prolonged shutdown could lead to a decline in the U.S. dollar index and increased volatility in dollar-denominated assets, creating negative ripple effects in global markets [6]

Core Insights - Australia's overall consumer price index (CPI) year-on-year increase for August 2025 is 3%, up from 2.8% in July, aligning with market expectations [1] - The monthly inflation rate, excluding volatile items like fruits, vegetables, and automotive fuel, is 3.4%, an increase from 3.2% in July [1] - The trimmed mean inflation rate, a key indicator of core inflation, decreased from 2.7% to 2.6% [1] Price Changes - Food and non-alcoholic beverage prices increased by 3% year-on-year, unchanged from the previous month [1] - Alcohol and tobacco prices decreased from a 6.5% increase to 6% [1] - Clothing and footwear prices rose from 2.3% to 3% [1] - Housing prices increased from 3.6% to 4.5%, with rent prices decreasing from 3.9% to 3.7% and new housing prices rising from 0.4% to 0.7% [1] - Electricity prices surged from a 13.6% increase to 24.6% [1] - Furniture, household equipment, and services prices remained stable at a 0.9% increase [1] - Healthcare prices remained unchanged at a 4.1% increase [1] - Transportation prices shifted from a 1% decrease to a 0.4% increase, with automotive fuel prices changing from a 5.5% decrease to a 1.7% decrease [1] - Communication prices rose from 0.8% to 1.9% [1] - Entertainment prices decreased from 2.6% to 1.4% [1] - Education prices slightly decreased from 5.6% to 5.5% [1] - Insurance and financial services prices decreased from 3.1% to 3% [1] Inflation Commentary - The overall inflation rate in Australia for August has reached its highest level since July 2024, primarily driven by high increases in housing, food, and non-alcoholic beverage prices [2] - The trimmed mean inflation rate, which better reflects inflation trends, decreased by 0.1 percentage points in August [2]