What's Driving Global Inflation?

PGIM Fixed Income

February 2018

Nathan Sheets, PhD, Chief Economist and Head of Global Macroeconomic Research, George Jiranek, Analyst, Global Macroeconomic Research

Across the major advanced and emerging market economies, inflation has remained remarkably low and stable in the face of diverse economic conditions and shocks. In this paper, we look more deeply at the global inflation process and assess some of the underlying factors that have influenced its recent performance.

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