Infinitesimal Inflation

After hitting a post-recession low of 8 in mid-2011, the number of countries experiencing 2% inflation or less is now 42. Similarly, while no nations experienced inflation rates below zero back in mid-2011, now 20 nations are. Moreover, the number of nations falling into these categories isn’t declining. This is why most central banks continue to ease monetary policy and is partly why the Fed won’t raise rates quickly.