Next year should be better. Not a particularly positive opening gambit, but unsurprising in view of current volatility.
Annual eurozone consumer price inflation rose to a 16-month high of 1.5% in April, driven by rising energy prices, according to data released last week by Eurostat.
UK inflation probably accelerated to a three-month high in April as higher energy costs and the weak pound stoked prices enough to prompt a letter of explanation from Bank of England governor Mervyn King.