There is good reason to believe rents will moderate significantly over this year and so some people have suggested that the focus should be on a “super core” measure of inflation that excludes food, energy, and housing. That would make inflation look not nearly as bad over the last year or two and also likely not show much improvement in the coming months.
In 2011, Brazil overtook the United Kingdom as the sixth-largest economy in the world, and it is probably only a matter of time before it dislodges France from fifth place. And, after that, Brazil will have Germany in its sights. Generally speaking, the past few years have seen the weights in the world economy shifting significantly in favour of the emerging economies.