EU is good on Inflation
“Lower oil costs helped push headline eurozone inflation down to 1.6% in October, official data shows.” (article)
The one thing that got me was that the ECB has worries that lower oil costs will free consumer spending power, and that prices could then rise… hmmmm… now lets look at retail sales from one of their largest economies…
“UK retail sales experienced their worst performance in five months in October, the CBI has said.” (article)
I think their worry is not worth worring over.
