PERFECT STORM

Forecasters warn that a combination of large ocean swells and high tides could cause flooding along San Francisco Bay Area shorelines this week. Low-lying coastal areas and waterfront communities may see water over roads and pathways during peak tides. Residents are being advised to stay clear of beaches, piers and flooded areas until conditions ease.

Analysts at ING are asking whether a perfect inflation storm may be returning to the Central and Eastern European region. The question points to renewed price pressures in economies that battled high inflation in recent years, with attention on energy costs, food prices and currency weakness. The commentary is prompting debate about whether regional central banks will need to keep policy tight for longer than expected.