Which country will be last to escape inflation?
A new dividing line in the global fight
![An employee restocking potato chips at a grocery store in Toronto](https://www.economist.com/cdn-cgi/image/width=1424,quality=80,format=auto/content-assets/images/20240330_FNP502.jpg)
In January prices across the rich world rose by 5.7% year on year, down from a peak in late 2022 of 10.7%. This conceals wide variation, however. Some countries have slain the inflation beast. Others are still in the fight of their lives.
Explore more
This article appeared in the Finance & economics section of the print edition under the headline “Curse of the Anglosphere”
More from Finance & economics
![Solar panels installed on the roof of a building at Skardu in Pakistan's Gilgit-Baltistan region.](https://www.economist.com/cdn-cgi/image/width=1424,quality=80,format=auto/content-assets/images/20250215_FNP002.jpg)
Cheap solar power is sending electrical grids into a death spiral
Pakistan and South Africa provide a warning for other countries
![People walk at Zaryadye park with the Kremlin and St. Basil's Cathedral in the background in Moscow, Russia.](https://www.economist.com/cdn-cgi/image/width=1424,quality=80,format=auto/content-assets/images/20250215_FNP502.jpg)
Russian inflation is too high. Does that matter?
In a strong economy, price pressure can endure for a long time
![illustration of a house cut in half diagonally, the lower corner being a bill.](https://www.economist.com/cdn-cgi/image/width=1424,quality=80,format=auto/content-assets/images/20250215_FND001.jpg)
Why you should repay your mortgage early
For the first time in decades, the arithmetic suggests settling housing loans
How AI will divide the best from the rest
Optimists hope the technology will be a great equaliser. Instead, it looks likely to widen social divides
The danger of relying on OpenAI’s Deep Research
Economists are in raptures, but they should be careful
Elon Musk is failing to cut American spending
DOGE has so far disrupted everything in government bar the deficit