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Inflation today is the least of the economy's problems.
"When I compare inflation today to interest rates, I see a negative number," Mr. Trichet said.
First, inflation today is close to its lowest for half a century.
INFLATION Today I bought a two-door for What Father bought a Tudor for.
In other words, it's always a slippery slope – a little inflation today invariably leads to hyperinflation tomorrow.
"Inflation today is not the conventional story," said Dean Baker, an economist at the Center for Economic and Policy Research.
Similar(33)
Back in November, Russia was predicting 5% inflation next year.
Pay growth has not been consistently above inflation since 2008.
But many economists expect Russian inflation next year to exceed 60percentt.
Ibbotson Associates, Stocks, Bonds, Bills, and Inflation: 1994 Yearbook (Chicago: Ibbotson Associates, 1994).
Consistent with this, many economic forecasters also predict rising inflation next year.
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