International Economic Week in Review: Is The Long Period of Deflation Over?

     After years of discussing the possibility of developed world deflation, inflation might be accelerating, relatively speaking.  The latest reading of Chinese producer prices was positive for the first time in three years.  Due to China’s position as the world’s manufacturer, this could eventually seep into other developed economies such as the EU and US.  Thanks to a spike in restaurant prices, UK CPI increased 1% Y/Y, which compared to .6% the previous 2 months.  And core US CPI was 2.2% in the latest release.  These are hardly alarming figures.  But collectively they may indicate that deflation is slowing giving…

Source: XE news feed
International Economic Week in Review: Is The Long Period of Deflation Over?