Inflation has fallen sharply this year and is likely to remain low. Admittedly, the rise in the price of oil and some agricultural commodities since June will push the headline inflation rate back up a bit in the near term. But we expect it to drop once more in 2013 as the global slowdown and recession in the euro-zone persist, and as commodity prices fall once more.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to gain:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services