As we said before........................

..........................we have been concerned more with the prospects for deflation than inflation.   An essay on the mystery of the "missing inflation" here.  Be careful what you wish for.

Since the 2007-2009 financial crisis, inflation expectations have sunk. “I talk to a wide range of business contacts, and virtually none of them are mentioning rising inflationary or cost pressures,” Mr. Evans said. “No one is planning for higher inflation. My contacts just don’t expect it.”