Thursday, March 3, 2011

Today's Inflation in one Graph

As I always say, a picture is worth more than a thousand words:
Uppssss.... So the core inflation, CBT's pride and joy for much of the past year, is creeping slowly (but surely and determinedly -is that even a word?) up...

Anyway, if you want to get the full details, have a look at the note by Citi economists. They also voice my concerns on the CBT's liquidity management...

2 comments:

Rower32 said...

This is what a REAL output gap looks like..

Emre Deliveli said...

I agree fullheartedly...