A tale of two inflations
People love complaining about inflation, however, few find it a particularly interesting topic. Like your blood pressure can give the doctor a pretty good sense of your overall well-being, inflation can tell us a lot about the underlying strength of an economy. The past week saw the release of inflation data from both the US and China, the world’s largest two economies. In both cases, the data was slightly lower than expected, but it still tells the story of very different economic dynamics.