Analysts at Royal Bank of Canada believe that quantitative easing program launched by the Federal Reserve in November may be the reason of rising inflation in Europe. The specialists note that the policy of US monetary authorities create inflationary problems in the European countries even despite the fact that American prices themselves don’t surge.

“Maybe look to the UK, where as in the US, there are no domestic cost pressures driving up inflation. Maybe look to the European Union. Maybe look to commodities, which are adding to pressures in many countries, but not in the US”, Bloomberg cites the economists’ view.

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