I found this table. Look how similar the inflation rate is in the late 80's to now just before the jump to 10% in the early nineties. Is this an indicator of how much inflation will be in the next year or two? http://www.watsonwyatt.com/europe/pubs/statistics/render2.asp?ID=1#hicp There seems to be a constant rate of higher than average inflation for a year or two before a big jump up. I would argue we have just had or are just having that. To me it indicates that soon inflation will rise. I know they expect inflation to fall due to lack of consumption. However I think they will get scared and print money. They just added 50 billion in QE. Also note the CPI below is much lower. I wonder what inflation would be now if the measure was still RPI as they changed it to the CPI a few years ago. Any thoughts?