Global Inflation

A chart to ponder.

Some food for comparative thought (as posted by Ian Bremmer on LinkedIn).

FILED UNDER: Economics and Business, US Politics, World Politics,
Steven L. Taylor
About Steven L. Taylor
Steven L. Taylor is a Professor of Political Science and a College of Arts and Sciences Dean. His main areas of expertise include parties, elections, and the institutional design of democracies. His most recent book is the co-authored A Different Democracy: American Government in a 31-Country Perspective. He earned his Ph.D. from the University of Texas and his BA from the University of California, Irvine. He has been blogging since 2003 (originally at the now defunct Poliblog). Follow Steven on Twitter


  1. gVOR10 says:

    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.

  2. James Joyner says:

    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.