This post first appeared on FloatingPath

The great recession, and the central banking activities that followed, caused inflation to slow in many developed nations. But that was not as unusual as some seem to think, as inflation has been slowing globally for more than just the last few years.

A chart from French economist @pisaniferry shows how the distribution of world inflation rates have changed over time. In the 1980?s, around 30% of countries had inflation rates above 15%, but today that inflation rate is occurring in less than 5% of nations.

Further, 2013 forecasts suggest that over 60% of nations will have inflation rates under 5%. That was true for less than 10% of nations in 1980.