The following article from the Organization for Economic Development (OECD), shows a comparison of the inflation rates of several of the major countries. From it, we can see how the U.S. compares. Typically U.S. energy prices are lower than Euro areas and currently energy prices are rising faster there than in the U.S. as well (as we can see from the first chart).  Overall inflation is also higher in other OECD countries than in the United States. The average for all OECD countries for all items is 1.8% while the inflation rate for the US was only 1.1%.  It takes a few weeks longer for the OECD to compile the data so even though the November numbers were released in mid-December the … [Read more...]