Friday, April 15, 2011

Europe feeling the heat from Inflation

Further evidence that the Kraken is raging round the globe. This comes as I am watching gasoline closing in on the $3.30 level at the Nymex and crude oil notching a $110 handle.

Eurozone Inflation Continues To Surge And It's Not Just Food And Fuel Anymore

Gregory White | Apr. 15, 2011, 6:25 AM
 
Eurozone inflation for the month of March surged to 2.7%, year-over-year, from 2.4% year-over-year in February, according to Eurostat. That's higher than the original 2.6% reading. In the euro area, on Ireland remains below the 2.0% target rate set by the ECB, at 1.2% year-over-year inflation.
 
Read the entire article here:

 

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