In the current decade, however, the standard deviation of inflation has been relatively stable in Brazil, at around 5 percent, and it has been declining in Mexico, where it is now around 2 percent. In Argentina, inflation volatility is currently around 15 percent.
Factors behind the taming of worldwide inflation My brief review of worldwide inflation performance suggests that in general, over the past decade, inflation has become substantially lower and less volatile, and expectations of future inflation have also become substantially lower. In understanding the key factors behind this change, we can also shed further light on the question of whether this low-inflation regime will persist.