Why is inflation relatively low in some places?
We identify the large economies where inflation trails behind that in the West
Faced with public uproar about the cost of living, policymakers like to point out that rising prices are a global phenomenon. “Every country in the world is getting a big bite and piece of this inflation,” said President Joe Biden on June 10th, after America reported its biggest bite since 1981 (consumer prices rose by 8.6% in May, compared with a year earlier).
This article appeared in the Finance & economics section of the print edition under the headline “Islands of price stability”
Finance & economics June 25th 2022
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