US core inflation much higher than eurozone’s, says ECB
Central bank points out differences in inflation dynamics across the Atlantic
One of the main differences between high inflation in the US and the eurozone is that in the former, energy prices play a smaller role.
In January, US inflation measured by the consumer price index (CPI) increased year on year by 7.5%. This was the highest number since 1982. In the eurozone, the harmonised index of consumer prices (HICP) rose by 5.1% over the same period. Both readings are clearly above the respective central banks’ 2% targets.
However, the European Central Bank (ECB) points
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