![]() ![]() Higher profits and import prices, with profits accounting for 45 percent of PolicymakersĪs the Chart of the Week shows, the higher inflation so far mainly reflects The euro area slipped into recession at the start of the year. The pressure on the ECB to add to recent interest-rate rises even though Of underlying price pressures-has proven more persistent. ![]() Retreated to 6.1 percent in May, but core inflation-a more reliable measure More than this direct increase in costs to consumers. Inflation in the euro area peaked at 10.6 percent in October 2022 as importĬosts surged after Russia’s invasion of Ukraine and companies passed on Smaller profit share if inflation is to remain on track to reach theĮuropean Central Bank’s 2-percent target in 2025, as projected in our most Rises to recoup lost purchasing power, companies may have to accept a Inflation over the past two years as companies increased prices by more Rising corporate profits account for almost half the increase in Europe’s ![]()
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