BBK head Welteke, in a speech otherwise focusing on the structural changes the BBK organization faces in the years ahead, plays down the suggested inflation effects of the Euro introduction by giving many reasons why measured inflation currently differs from the inflation "felt" by the people (especially in Germany). His conclusion is that CPI is presently "moderate" and the value of money largely stable. BBK head Welteke, in a speech otherwise focusing on the structural changes the BBK organization faces in the years ahead, plays down the suggested inflation effects of the Euro introduction by giving many reasons why measured inflation currently differs from the inflation "felt" by the people (especially in Germany). His conclusion is that CPI is presently "moderate" and the value of money largely stable.