5 Countries With Lowest Inflation Rates In The World

1. People’s Republic of China

Latest Inflation Estimate: 0.1%

The People’s Republic of China, or China, is the world’s most populous nation. It also has the second largest economy in nominal terms and the largest economy in purchasing power parity (PPP) terms. The Chinese economy is worth a whopping $19 trillion, coming second only to the economic giant that is the United States. However,  the Chinese economy has been struggling as of late. This weakness has also translated into low inflation in the Chinese economy, as consumers are cautious about spending big and driving up prices. At the same time, the Chinese labor market is relatively cooler when compared to developed Western economies.

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