Trésor-Economics No. 208 - Why is global inflation still so low?
Global inflation has declined sharply since 2012 to levels generally below central banks' inflation targets. The uptick over the past year is mainly attributable to a recovery in oil prices, and could be curtailed if higher prices do not feed through significantly to wages. So far, core inflation (excluding food and energy) has remained virtually flat.A long period of low inflation has numerous re... Lire la suite