Inflation..Inflation..Inflation…: Recent Updates from the US and EU
The danger of inflationary pressures has not been subsided yet, as indicated by the latest updates from the European Central Bank (ECB) and the Federal Reserve (FED).
The maintenance of price stability assumes significant importance, bolstering confidence in the economy and thereby fostering sustainable economic growth while ensuring financial stability.
In a recent press release, both the United States and the European Union expressed their aim to achieve a long-term inflation percentage of 2%. Despite some easing in inflation in the Eurozone and the United States, levels remain elevated.
The Harmonized Index of Consumer Prices (HICP), which measures the average change over time in the prices paid by people for a specific, regularly updated basket of consumer goods and services in the EU, indicates an inflation rate above 2%. In contrast to the United States, where economic activity appears to have been expanding at a solid pace according to the Federal Reserve (FED), the European Union exhibited slower growth.
With the world enmeshed in numerous geographical tensions and countries becoming more inward-looking, the question arises: how will these challenges impact inflation and economic growth?
source: ECB
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