Could Europe end up with a worse inflation problem than America?
The new transatlantic divide
Inflation is coming down. On both sides of the Atlantic, falling energy costs are provoking sighs of relief. Price-watchers are now focused on core inflation, a measure that strips out volatile food and energy prices, and is usually much slower to rise—and more difficult to bring down. Since October, core inflation in the euro zone has been higher than in America. Could Europeans end up with a worse inflation problem than their transatlantic peers?
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This article appeared in the Finance & economics section of the print edition under the headline “Race to the bottom”
Finance & economics
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- Could Europe end up with a worse inflation problem than America?
From the January 21st 2023 edition
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