Elise Martin is an economist in the International Economic Analysis Department (INT). In this role, she monitors developments in the US economy, conducting current analysis and short-term forecasts. Prior to joining the Bank of Canada, she worked as an economist at The Conference Board of Canada. Elise completed her M.A. in Economics at McGill University.
Since the global financial crisis, core inflation has been persistently below target in most advanced economies. Recently, it has weakened further in several advanced economies despite gradually diminishing slack. This note reviews recent developments in core inflation across advanced economies and identifies distinctive patterns across regions.