Join institutional investors, analysts and strategists from the world's largest banks: Subscribe today
Already have an account? log in
European Inflation Stuck At Nearly Triple ECB’s Target
Headline inflation in Europe is stuck, apparently.
The all-items gauge loitered at 5.3% in August, data released on Thursday showed. Consensus expected a downshift to 5.1%.
It was just the second time in 10 months that the YoY pace of headline inflation in Europe didn't recede.
Country-level prints out of France, Germany and Spain all overshot expectations for August. In France, the re-acceleration in the headline gauge to 5.7% was particularly concerning. That was 0.3ppt ahead of estimates
Do you mind writing an article explaining the causes of Europe’s stagflation and maybe compare and contrast versus the US? I know the Europe has been in a secular stagnation for over a decade but not certain what the main reasons are.