Celebrating humanity's flourishing through the spread of capitalism and the rule of law
24 Apr 2015 Leave a comment
in economic history, inflation targeting, macroeconomics, monetary economics
There has been close to zero inflation in France and Germany for almost 20 years now. The UK had mild deflation between 1998 and 2005, followed by a spike in inflation.
Source: OECD StatExtract.
Note that the 1.5% bias adjustment includes other known biases in the CPI in addition to new goods and quality variation.
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