December 20, 2017 / 9:09 AM / 7 months ago

Global inflation conundrum

LONDON (Reuters) - Growth rates among the world’s major economies are synchronizing at levels not seen in years, yet the missing link to the boom is inflation.

FILE PHOTO: Workers on automated systems at the Hudson's Bay Company distribution centre in Toronto, Ontario, Canada May 29, 2017. REUTERS/Fred Thornhill/File Photo

In much of Europe, as well as the United States, inflation remains tame, keeping central banks from rushing into tighter monetary policies.

That has underpinned a bull run in world stock markets and contributed to the flattest U.S. Treasury yield curve in a decade.

There are, however, positive developments. The threat of deflation — falling prices — that faced many major economies just a couple of years ago, has abated, while strong growth has lifted expectations for a pick-up in inflation from low levels.

Meanwhile, major developing economies, such as Russia and India, have contained high inflation in recent years through prudent central bank policies.

In this interactive graphic tmsnrt.rs/2BeFPKm , Reuters highlights the main trends over the past five years and takes a look at the key indicators financial markets and economists track closely to get a sense of world inflation trends.

GRAPHIC: tmsnrt.rs/2BLCgum

GRAPHIC: tmsnrt.rs/2yX0H2K

GRAPHIC: tmsnrt.rs/2yX3kl9

GRAPHIC: tmsnrt.rs/2yX0XPh

GRAPHIC: tmsnrt.rs/2BIIF9B

GRAPHIC: tmsnrt.rs/2BeFPKm

GRAPHIC: tmsnrt.rs/2yYYaFi

Reporting by Michael Ovaska, Dhara Ranasinghe and Jessica Wang; Editing by Patrick Johnston and Matthew Mpoke Bigg

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