Implications of Currency Sales

Assorted provinces of the Euro empire will be releasing their flash February consumer price inflation data. There is little expectation for any drama in this data. The overall inflation picture in Europe is benign, and there is no real sense of an affordability crisis—for the most part, European policies have not added to inflation, high frequency purchases like food have modest price increases, and electricity prices are even falling (a concept US consumers may struggle to comprehend).