“UK headline inflation” refers to the United Kingdom’s Consumer Price Index,year-over-year. “Brent” is a global benchmark for oil prices worldwide. “WTI” stands for West Texas Intermediate crude oil, a common US benchmark for oil prices. “US Crude Oil Inventories” refers to the Energy Information Administration's Crude Oil Inventories measure of the weekly change in the number of barrels of commercial crude oil held by US firms. “Q3 earnings” refers to 2021 Q3 earnings releases from public companies.
“Growth” refers to the year-over-year change in Gross Domestic Product. “Stagflation” refers to a period of abnormally high and persistent inflation, high unemployment rate, and consecutive periods of low to negative economic growth, commonly associated with the US economy in the 1970s. The chart displays the number of stories on Bloomberg with the word “Stagflation” appearing.
