In this short note we go through why EU inflation is likely to get back to target faster than US inflation due to technical differences in the way of measuring inflation.
Here is our chart-deck on the US CPI report on Thursday. A soft core paired with a hotter headline? It looks like an odd- and rare steepener cocktail to us.
The term inflation has merged from academia to layman’s vocabulary. The question is whether it’s time to shelf the term or if it remains as relevant as ever. We look at forward-looking indicators and try to pass judgment – this time on Europe.