What can inflation-strugglers learn from inflation-killers?
Why America, Australia, Britain and Canada are lagging behind
Could the nightmare be over? Across the oecd club of rich countries, consumer-price inflation fell from a peak of 10.7% in October 2022 to 6.2% in September. The latest data from America and Britain offer more encouragement. And wage growth is slowing. As a consequence, share prices are rising. Investors hope that the world has turned a corner, and that central bankers will soon cut interest rates.
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This article appeared in the Finance & economics section of the print edition under the headline “Keep fighting”
Finance & economics November 18th 2023
From the November 18th 2023 edition
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