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this year, inflation will fall further in response to what is now the current economic stagnation in europe. with a tight later labour market we will have continuing at around 4% until next year, that probably means that inflation around 2% this autumn may be below that, we will see an inflation taking up and you to wage growth, 2.5% over the course of next year. this means that the european central bank will probably cut somewhat this year, early next year but properly not all the way down to 2% from four percent. that's down 3%. the way down to 296 from four percent. that's down 3%. holger, thank ou percent. that's down 3%. holger, thank you for— percent. that's down 3%. holger, thank you for your _ percent. that's down 3%. holger, thank you for your insight. - let's stay in the us and head to las vegas — where the consumer electronics show has just got under way. last year 115,000 people attended — and this year over 4000 exhibitors are lined up to show off their wares.