Swiss Economicblogs.org
Given that consumer prices have either moved lower or essentially stayed put in the developed world for much of the past year, the word inflation does feel a little strange on the tongue. U.S. consumer prices declined through the 12 months ended in May and have pretty much flatlined since, while Japanese inflation has stayed under 1 percent all year. After falling for four consecutive months, starting in December 2014, European consumer prices have stayed where they are as well. But Credit...
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