All of the measures regularly monitored at the ECB of underlying inflation, which captures the ‘signal’ on medium-term inflationary pressures, have come down since the post-pandemic inflation surge in the euro area. Yet, some proxies have been more sluggish than others and the range remains wide, reflecting how the shocks of recent years have affected sectors and components differently. This column assesses estimates of underlying inflationary pressures for services and goods. The pace of

Tag-uri: Inflatie