stagflation
U.S., Canadian and Euro Area CPI Inflation and Some Thoughts on Deficit Reduction
December 20, 2011
Whereas on-year total U.S. consumer price inflation in November of 3.4% was a half percentage point above the Canadian pace of 2.9%, those neighboring North American economies had similar underlying or “core” inflation rates of 2.2% and 2.1%, respectively. Total inflation over the past five years averaged 2.3% per annum in the United States, 0.2 […] More
