Just when it looked like inflation’s threat was fading, yesterday’s August report on consumer prices dispensed a not-so-fast alert. The core reading of the Consumer Price Index (CPI), which excludes food and energy, rose 0.3% last month and accelerated to a 2.4% annual pace – the highest in 11 years. One data point isn’t a trend, of course. But yesterday’s release is conspicuous at a time when the US economy is struggling with slow growth and expectations that interest rates are headed lower, perhaps turning negative at some point.

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ECB rolls out new stimulus plan to fight Europe’s economic slowdown CNBC
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US core consumer inflation’s annual pace accelerated to 11yr high in Aug: CNBC