Foremost on the data calendar this week is fresh news on inflation in both the UK and eurozone, and some regional and national industrial figures from the US.
The perfect level of price growth is becoming an ever-elusive quality globally. Some have too much and an ever-growing number frustratingly too little.
UK inflation and wage gap
Britain has been experiencing the former, and by June's meeting the then 2.9% annual rate of consumer price inflation (CPI) had attracted three Bank of England hawks voting for a quarter-point interest rate increase.
Last month, however, annual CPI dipped to 2.6% and BoE monetary policy committee lost a hawk as the August vote on interest rates came in at 6-2 in favour of holding the main bank rate at 0.25%.
The Bank is still presented with a dilemma, however. At the same time CPI dipped, average earnings growth has also fallen, dipping in May to 1.8% from 2.1% in the previous month, and maintaining the gap between wages and prices at 0.8 percentage points.
But while economic growth indicators are pointing to a slowdown, the BoE doesn't want to move too early and risk the slowdown turning into a reversal.
Analysts forecast CPI to rise to 2.7% when July's figures are published on Tuesday, while average annual earnings growth is expected to remain at 1.8% when the data for June is published on Wednesday.
Producer price inflation data is also published on Tuesday and is expected to show that price pressures at the beginning of the production process are starting to ease.
Britain at the shops
So, will the gap between prices and wages have deterred consumers in July? Data published on Thursday will add a further piece to the UK price-earnings-demand puzzle.
"Despite the real pay squeeze, a clearer picture has begun to emerge that high street sales, while not spectacular, held up fairly well at the start of Q3," says Ruth Gregory at Capital Economics, referring to analysis from the British Retail Consortium last week.
The weather won't have helped, and analysts don't believe the 2.9% headline growth in annual retail sales seen in June can be matched.
It's very difficult to come up with a consensus for this as estimates are so varied. Some see a dip to about 1.6%, while some believe sales might have actually fallen.
Eurozone growth and inflation
Data on gross domestic product for the shared-currency countries is published on Wednesday, but markets get a taster on Tuesday when Germany releases its preliminary GDP figures for the second quarter.
"Even though it is in the final stage of a mature cycle, the German economy has been like an evergreen, surprising to the upside over and over again," says James Knightley, chief international economist at ING.
It is forecast by analysts to print a second-quarter annual growth reading of 1.8%, up from the first quarter's 1.7%. Meanwhile, the eurozone figure is seen remaining at the previous Q2 reading of 2.1%.
Inflation data for the eurozone is published on Thursday and is unlikely to present the currently vacationing European Central Bank board with any headaches.
With its economy ticking over nicely and annual CPI at a below target rate of 1.4%, even the expected rise to 1.5% for July is not seen raising any eyebrows at the ECB.
In the US this week we're mainly treated to industrial data, which is expected to have held up well.
Industrial production for July is published on Thursday and is expected to have risen by 0.3% month-on-month after a 0.4% rise in June.
Regional surveys are also expected to confirm a more-or-less status quo picture of industrial strength.
The Empire State Manufacturing survey by the New York Federal Reserve on Tuesday is seen returning a reading of 10 after a 9.8 in July, while the Philly Fed survey's index of manufacturing activity is expected to have slipped fractionally to 18 from 19.5 in July.
US retail sales data are published on Tuesday and are seen improving in July, with a headline month-on-month rise of 0.4% after a 0.2% fall in June.
The best of the rest
Eurozone industrial production for June is expected to have dipped, in data released on Monday. The UK rate of unemployment in June, seen on Wednesday is expected to remain at 4.5%. Michigan consumer sentiment in the US is seen improving in August when the University's index is published on Friday.
Lots of retailers reporting in the US this week, most interesting of which will be shopping megalith Wal-Mart on Thursday, particularly after its UK unit Asda earlier this month reported its worst set of quarterly earnings since being taken over by the US company.
Elsewhere, it's Home Depot on Tuesday, Target on Wednesday, Bon-Ton Stores and Gap on Thursday and Foot Locker on Friday.
Earnings are drying up in the UK. Among them, Nat West Bank reports interims on Monday, while Hargreaves Lansdown reports on Tuesday. On Wednesday, it's Balfour Beatty and Thursday Kaz Minerals.