Emerging economies are following the global trend of disinflation.(inflation slowing)(Brief Article)(Statistical Data Included)
Economist (US), The, October, 2002
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Emerging economies are following the global trend of disinflation. In most developing countries, consumer prices are rising more slowly than they were five years ago. According to the IMF's latest World Economic Outlook, average consumer prices in Africa, for example, are expected to rise by 9.6% in 2002, compared with a rise of 14.6% in 1997.
Emerging economies in Asia have the lowest rates of inflation: the IMF expects consumer prices in Asia to rise by 2.1% in 2002, compared with 4.8% in 1997. Regional averages can, however, hide big differences between countries.
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