One of the central question of the present time is whether or not inflation is imminent or has even started. Many financial gurus have recently said that inflation is on the way. In Continental Europe I can hardly find any signs of inflation at the moment. Food prices: down. Car prices: down. Home prices: stable. Electronics: stable to down. Travel: stable to down. Insurance policies: stable. Gasoline prices at gas stations: more or less stable. People want to save money and buy only goods on sale. Unemployment rising. So from a western european point of view I conclude that there is no inflation and no inflation in sight. What about the country you are living? Are there signs or evidences of inflation? Please comment how inflation is in your country. This may help us to estimate the risk of local or global inflation.