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The recent consumer price rises are "making us concerned," Mr. Issing said in a speech at the Austrian National Bank.
Last year, when economists gathered at Jackson Hole, the most recent consumer price index report had shown prices to have risen over the previous year by 1.2 percent.
Policy makers continue to disagree about the cause of a persistently high rate of recent consumer price increases even during the recession.
Meanwhile, on Tuesday, the British government revealed that the Cadbury Dairy Milk bar had been reduced in size from 49 grams to 45 grams (1.73 ounces down to 1.59 ounces), while still being sold at the same price of 59 pence 944 cents) prompting the Office of National Statistics to include the change in its most recent consumer price index as a 10 percent price hike.
Currently, inflation levels are below that threshold, with the most recent consumer price index data showing a 1.2% rise in prices overall and a 1.7% rise in core prices, which exclude volatile food and energy costs.
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The cost of living rose by 3.6% in the year to January, according to the most recent Consumer Prices Index (CPI) measure of inflation.
Dennis Lockhart, president of the Federal Reserve Bank of Atlanta, said that the most recent headline consumer price index reading was "uncomfortably high and worrisome".
In recent years, consumer prices have risen less than 3percentt a year, while net tuition at public colleges has risen by 8.8percentt and at private ones, 6.7percentt.
Despite recent consumer-unfriendly price hikes, the MSI Wind is still a great deal for a netbook with a 10-inch screen and Windows XP.
These facts contradict recent headlines about Consumer Price Index inflation.
Recent instance: The U.S. Consumer Price Index was up 0.1% in May, after a rise of 0.7% in the previous month, and was flat in June.
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