The first finds that wage pressures are subdued relative to historical experience, largely consistent with the existing slack in the labour market. The second focuses on structural factors that help explain recent movements in the prices of consumer energy products, food and services. Finally, as usual, we see a number of risks to our inflation outlook. We judge these risks to be roughly balanced.
Hence, despite the fact that printing money ultimately brings inflation, it is not the focus of their concern, despite the destructive impact it has on the economy and the  2  BIS Review 43/2008  society. In other words, governments in democratic countries have an inflationary tendency.