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"There was bad inflation during the Ming," he said.
Mexico city bucked the trend, falling by 1.3% after bad inflation figures.In this section CENTRAL BANKERS ECONOMY FINANCIAL MARKETS Reprints.
Christine Callies, chief investment strategist at Merrill Lynch, reckons that any general increase in prices now should be seen as "good inflation not bad inflation".
A worldwide economic slowdown is likely to bring inflation down in the near future, despite the bad inflation figures reported this week.
"We have some more months of bad inflation figures in front of us," Otmar Issing, the bank's chief economist, said on Tuesday.
Cheaper than a penny stock It's not a good thing Cautionary tales Keep it weak Miscalculation Taking stock Judicial publication Our new financial column ReprintsOf course, not all of this can be blamed on the bad inflation sums.
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Inflation in a country that's still growing is not nearly as bad as inflation in a country with slow growth.
They have joined the central bankers in warning that a weak euro could be bad for inflation and public confidence.
Jean-Christophe Fromantin, the mayor of Neuilly-sur-Seine, just outside Paris, attributes the malaise to bad news, inflation and national character.
In the world according to the WSJ, low taxes are good (unless the people involved are low income lucky duckies), regulation bad, low inflation good, low interest rates bad, strong dollar good — and don't ask why.
But while it has a neat little section explaining what a bad thing inflation is, it doesn't have a section explaining what a bad thing unemployment is, or what the Fed can do about it.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com