While this phenomenon is most common among developed economies, some emerging markets also suffered from it: for example, China's
headline inflation rate recently dipped below 1 %.
Spain's
headline inflation rate, based on European Union calculations, was 2.8 percent, matching an estimate published on Jan. 31.
US inflation and inflation expectations were low and stable at around 1 % in the late 1950s through the mid-1960s; starting in 1965, both drifted upward for 15 years, with
the headline inflation rate peaking near 15 %.
Falls in mortgage interest rates detracted 0.5 of a percentage point from the quarterly headline rate and, on a year - ended basis, interest rate reductions that have already occurred will keep
the headline inflation rate below the underlying rate for some time.
Coyle is wrong of course - the so called «economic damage for my constituency» is a rhetorical fiction and all indicators show that since the Referendum that the UK's economy is the most robust in Europe and strongest in the G7 even more so than Germany and that
our headline inflation rate over 2016 is 1.3 and Germany's 1.6.