Inflation in the U.S. has risen during the past two years at the third-fastest rate out of 46 Organization for Economic Cooperation and Development and other economically significant countries.
Rising prices aren’t just a problem in the United States. Thirty-nine of the other countries analyzed by the Pew Research Center saw inflation increase between the third quarter of 2019 and the third quarter of this year.Many countries that are members of the OECD have followed a similar trend: Low inflation before COVID-19, followed by flat or falling inflation in the middle of the pandemic.
Then, in the second and third quarters of this year, inflation started rising as nations began to resume normal life, according to Pew.While the U.S. has seen its inflation rate rise faster than all but two countries analyzed, its absolute annual inflation rate is the eighth highest of the group. And while inflation has declined since 2019, Argentina is still plagued by the highest inflation rate of any other country at 52%.Meanwhile, Japan has had the opposite problem — struggling to deal with prices thatMore from Axios: Sign up to get the latest market trends with Axios Markets.
Our goal is to create a safe and engaging place for users to connect over interests and passions. In order to improve our community experience, we are temporarily suspending article commentingBritain will seek to strengthen its trading relationship with the United States this week when trade minister Anne-Marie Trevelyan visits New York and Washington, but a full free-trade agreement remains a distant prospect. Trevelyan will meet U.S. Trade Representative Katherine Tai and U.S.
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