Across The Globe, Inflation Seems An Endangered Species

While most industrial economies outside the U.S. appear to be flirting with recession, they share at least one singular achievement: a remarkable deceleration in inflation. The latest tally in the Conference Board's International Economic Scoreboard, which tracks 11 industrial nations (including the U.S.), reports that the average inflation rate is now down to 2.6%, with five of the countries registering rates below 2% and none of the others above 5%.

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