Inflation Is Back, But Where It Goes from Here Depends on the Region

Inflation is back around the globe—even in Japan, long beset by falling prices. The question now is whether it will stick around.
Inflation is back around the globe—even in Japan, the poster-child of an economy long beset by falling prices. The big question now is whether it will stick around.
A major factor in higher global prices so far has been oil, which hit a 13-year low in January 2016 and has nearly doubled since. When that is fed into annual inflation rate data, it…