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?
This article appeared in the Finance & economics section of the print edition under the headline “Race to the bottom”
Finance & economics January 21st 2023
- Why health-care services are in chaos everywhere
- China’s re-globalisation paradox
- Venture capital’s $300bn question
- Japan’s extraordinarily expensive defence of its monetary policy
- Investment banks are struggling in a high-interest-rate world
- The rise of the uber-luxurious office
- Could Europe end up with a worse inflation problem than America?
From the January 21st 2023 edition
Discover stories from this section and more in the list of contents
Explore the editionMore from Finance & economics
Why your portfolio is less diversified than you might think
The most important idea in modern finance has become maddeningly hard to implement
Can Germany’s economy stage an unexpected recovery?
The situation is dire, but there are glimmers of hope
Giorgia Meloni has grand banking ambitions
Will Italy’s nationalist prime minister manage to concentrate financial power?
Tech tycoons have got the economics of AI wrong
Following DeepSeek’s breakthrough, the Jevons paradox provides less comfort than they imagine
Donald Trump’s economic warfare has a new front
The president has threatened to blow up the global tax system. Will allies be able to stop him?
Don’t let Donald Trump see our Big Mac index
America’s tariff-loving president could learn the wrong lessons from international burger prices