2 responses to “Global Inflation”

1. 

   gVOR10

   December 31, 2023 at 2:33 pm

   I don’t see Russia. I find a cite of 6.7 for Oct and 7.5 in Nov. It’s unclear that this is year over year like your chart (being trained as an engineer I dislike the sloppy way finance types handle units), but it looks like it is. When rates are changing YTY data can be very misleading. Right now it makes U. S. inflation look high, but the cite says prices rose 1.1% over last month in Russia so it’s probably making Russian inflation look low. Given that we’re trying, and failing, to cripple them with sanctions, it seems worth adding.

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2. 

   James Joyner

   January 1, 2024 at 6:56 am

   I think there’s a very strong argument that the United States has managed its economy better than just about all the OECD countries in the post-COVID period. To the extent it’s about President Biden’s re-election, though, surely 2023 vs 2022 isn’t the interesting comparison.

   I’m also not sure how much the argument that Biden (and the Fed) have managed inflation better since January 2021 better than leaders elsewhere will be persuasive to those not already inclined to re-elect him. It is, after all, more about feelings than facts.

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