Inflation in the region was impacted by several other factors. Last year, Chinese consumers saved $2.2 trillion in bank deposits during these restrictions which were lifted earlier this year. In this region, widespread lockdowns strained growth and consumer spending, lessening inflationary pressures.
Many of the lowest inflation rates around the world are located in Asia, including Macau, China, Hong Kong, and Taiwan. Slower growth, cheaper import costs, and foreign exchange policy are some of the factors keeping inflation subdued.Īs price pressures rattle global markets, the above infographic maps inflation rates globally using data from Trading Economics, focusing in on the countries with the lowest inflation levels. Across the Euro area inflation is estimated to have reached 8.5% in January.Īt the same time, some countries have managed to tamp down inflation. In Europe, while inflation has fallen, it is still far above the 2% target. The Federal Reserve indicated that more restrictive monetary policy is in the cards amid strong employment gains. Investors are bracing for longer inflation. Which Countries Have the Lowest Inflation? While it’s impossible to directly compare the value of each metal’s industrial uses and applications, seeing just how much (or how little) of a metal you get for $1,000 can give some perspective to their value. To put these densities in comparison, if gold had the same density as aluminum, its cube on the graphic above would be more than seven times larger. Meanwhile, $1,000 of a less dense (and also less valuable) metal like aluminum with a density of only 2.7 g/cm³ yields a large cube nearly two feet tall. Precious metals tend to be more dense than industrial metals, with sometimes more than double the density depending on the specific metals compared.Īs seen in the graphic above, $1,000 worth of highly dense metals like gold (19.32 g/cm³), iridium (22.56 g/cm³), and osmium (22.59 g/cm³) amount to small cubes less than a centimeter across.
Getting Less for More: Comparing Metal DensityĪ key factor that determines the volume of a metal you get for a certain price is also the metal’s density. Meanwhile, platinum’s durability, resistance to tarnishing, and its bright white color makes it highly sought after for jewelry, raising the demand and value of the precious metal. However, when it was recently discovered that cobalt could be a key component in lithium-ion batteries for EVs, demand for cobalt surged sending its price from around $23,000 per tonne to more than $90,000 per tonne at one point.Īlong with these two primary factors, unique properties and historical uses can also affect a metal’s valuation.įormer monetary metals like gold and silver are still sought after by investors for their potential ability to retain value over time compared to today’s fiat currencies.
Today, precious and industrial metals markets quote figures in millions and billions as they exchange thousands of ounces, with varying densities and values of metals making it difficult to compare them. Visualizing the Metals you can Buy with $1,000įor millennia people have purchased and relied on metals for decorative and industrial uses, figuring out their values based on their practical applications and visual luster.
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