Chart of the week: Inflation in OECD countries
It’s been ages since we had to worry about big price rises, as this chart of underlying inflation in the OECD, a group of developed countries, reminds us.
It's been ages since we had to worry about big price rises, as this chart of underlying inflation in the OECD, a group of developed countries, reminds us. The key reason for disinflation in the past two decades was globalisation, which shifted power from labour to capital, says Andreas Niehaus in Finanz und Wirtschaft.
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