GaveKal Capital: Our world inflation proxy, which simply takes the equal-weighted,
year-over-year change for 33 different countries CPI, hit its lowest
level since November 2009. The proxy stands at 1.72% which is just
lower than the level it hit in February. We identify six countries, all
in Europe, where the year-over-year change in consumer prices is
basically zero (Switzerland, Sweden) or there is currently outright
deflation in consumer prices. Charts of those countries are below.
Source
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