The  2  The Bank of Canada raised this concern in P. Toovey and J. Kiff, "Developments and Issues in the Canadian Market for Asset-Backed Commercial Paper," Financial System Review (Ottawa: Bank of Canada, June 2003): 43-49.
It’s headline inflation that has picked up, and this is significantly affected by volatile elements such as oil and food prices. Underlying inflation, which is an indicator of price stability over the medium term, remains subdued. In Spain the CPI was at 3% for three months, before falling to 2.1% in March. How do you assess these developments?