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deflated balloon via Shutterstock

There's an incredible lack of inflation in eurozone... and the world right now

Despite the perception that central banks are pumping money frantically, inflation rate debunks this.

FOLKS WHO CONTINUE to expect inflation to pop up around every corner continue to be… wrong.

There’s basically none. Anywhere.

Here’s the latest from Eurostat.

“Euro area annual inflation is expected to be 1.1% in September 2013, down from 1.3% in August, according to a flash estimate from Eurostat, the statistical office of the European Union.

Looking at the main components of euro area inflation, food, alcohol & tobacco is expected to have the highest annual rate in September (2.6%, compared with 3.2% in August), followed by services (1.5%, compared with 1.4% in August), non-energy industrial goods (0.3%, compared with 0.4% in August), and energy (-0.9%, compared with -0.3% in August).”

Cullen Roche points out that it’s the same story everywhere. Japan, the US, the UK, etc. Inflation is incredibly subdued despite what you hear about central banks pumping money like crazy.

All that being said, the hardcore inflationistas have long been discredited.

Now the folks at risk of looking silliest are the people who were convinced that the central banks could stoke inflation if they wanted to. They’re on the verge of being discredited as well.

image

via Eurostat

- Joe Weisenthal

30 Days in September: An Oral History of the Bank Guarantee>

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    Jul 11th 2020, 7:36 AM

    I work close to Slice and to anyone here who is close to it or would like to go a little out of their way for a high quality lunch, I would thoroughly recommend a visit. The food is great with top ingredients and a lovely twist that lets you know that the chef is really thinking about flavour and texture

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    Jul 11th 2020, 9:09 AM

    SLICE is beautiful little cafe, gorgeous food with the best of local ingredients. Great atmosphere and the finest coffees and treats. It’s good to see small local businesses diversifying during these strange times and best of luck to them getting back to normal in the future.

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    Jul 11th 2020, 9:55 AM

    The Cake Cafe made a magnificent birthday cake for my mum during the lockdown, the whole family are still raving about it. Can’t wait to go for a bite to eat now they’ve reopened…

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    Jul 11th 2020, 3:35 PM

    This is breakfast tomorrow.

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