Inflation acceleration is global, regardless of unemployment rates : Accelerated inflation and accelerated unemployment among OECD nations
|Country||Unemployment improvement||Inflation acceleration|
Notes: We calculate inflation “acceleration” as post-pandemic inflation minus “normal” pre-pandemic inflation. Post-pandemic inflation is constructed as an annualized rate of change in core CPI from December 2020 to May 2022. Pre-pandemic “normal” inflation is constructed with 2018 and 2019 data for each country. We calculate accelerated unemployment in the same way.
Source: Inflation and unemployment data from the Organization for Economic Cooperation and Development (OECD).
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