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Euro zone inflation still a little high [ClearOnMoney]
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Euro zone inflation still a little high

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Commentary

Euro zone inflation still a little high

17 Jan 2012 by Jim Fickett.

Today Eurostat reported euro zone inflation through December. Historical data may be found on the website of the European Central Bank. Headline inflation may have peaked, but remains, at 2.7%, well above the central bank's target of below 2%.

Although I do not think high inflation is an immediate danger, I do think those who claim we are in a deflationary environment, with no danger at all from inflation, are behaving quite irresponsibly.