Beyond and below the ocean Atlantic mount this debate on inflation, but even more on that next adventure, as soaring oil prices which, in the wake of the events in Libya, has peaked in the last 29 months and which joins a growing demand for other commodities that are affecting the index of producer prices for discharge then inevitably what extent consumer prices.
In his recent U.S. Senate hearing, Bernspan made the following statements that carry no comment:
• The increased energy costs may have a temporary and modest impact on consumer prices.• Growing demand for commodities, coupled with restricted supply is the cause of recent increases in commodity prices, not accommodating monetary policy pursued by the Federal Reserve. • While the majority of people causing problems, increases in fuel prices do not constitute a threat to the recovery or provide the basis for a restart of inflation.
Meanwhile, the price of oil fluctuates now stable at around $ 100 a barrel, while gold is also firmly in the area of \u200b\u200b$ 1,400 an ounce. *very different attitude that the European Central Bank might raise interest rates as early as next April!
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