Global Economics

Global Economics

Global Inflation Watch

13 September, 2017

Higher inflation remains elusive

Although economic activity has gathered pace this year, and many advanced economies are approaching full employment, there is no evidence of a pick-up in wage inflation. Average earnings growth has remained exceptionally sluggish even in countries such as Germany and Japan, where the unemployment rate is at multi-decade lows, and it has actually fallen in recent months in the US. If anything, the structural changes which have changed the relationship between inflation and spare capacity may have

Access this publication and more, take our free trial subscription today.

Free Trial

Already a subscriber? Simply log in to view this article.

Save to Library

New Book

Making a Success of Brexit
and Reforming the EU

by Roger Bootle

"Outstanding - engaging - absorbing"
Daily Telegraph

Buy now on Amazon

Get the App

The Capital Economics apps are a great way for clients to keep up to date with our latest research.

Capital Economics AppsFind out more