A worldwide slowdown, in particular in China, is having the edge off inflation pressures, particularly for important imports and commodities.
International inflation eased in July, to .3% on a month-to-month basis, down from an normal of .7% a month in the initial 50 percent of the 12 months, according to assessment by Nora Szentivanyi, a global economist at JP Morgan, and colleagues. The figures omit Turkey, exactly where inflation is unusually superior.