They should really just redefine inflation to avoid this problem

Record high inflation sparks debate about interest rates - 01.07.2008 - 09:21
----------------------------------------------------------------------------
Consumer prices in the eurozone countries climbed to four percent in June,
reaching twice the rate of the European Central Bank's inflation goal. The
surge has instantly sparked off a debate about whether the Frankfurt-based
bank should increase interest rates.

http://euobserver.com/9/26422/?rk=1