Problem:
In recent years, how has the U.S. inflation rate compared with rates in other industrial economies? Why should we be careful in comparing inflation rates across countries? The Federal Reserve Bank of St. Louis maintains a Web page devoted to international economic trends. Please go to
http://research.stlouisfed.org/publications/IETsupplement/iet2inf.pdf
Required:
Choose two countries and compare the countries' recent inflation experiences.