Recent inflation developments and wage pressures in the euro area and the United States

Core inflation remains elevated overall in both economic areas, due notably to high levels of services inflation.

Metadata
Provider: 
ECBECB
URL: 
https://www.ecb.europa.eu//press/economic-bulletin/focus/2024/html/ecb.ebbox202403_01~05bd9f791d.en.htmlhttps://www.ecb.europa.eu//press/economic-bulletin/focus/2024/html/ecb.ebbox202403_01~05bd9f791d.en.html
Retrieved on: 
Thursday, April 25, 2024
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Tags: 
Momentum, Federal Reserve Bank, Statistics, Employment, CPI, Growth, Tourism, ECB, Unemployment, Blog, PCE, COVID-19, Common, Coronavirus, Diffusion, Holocene, PCCI, Classification, Tobacco, Food, HICP, Federal Reserve, United, Foodservice, Annual report, GDP, Spelman College, Money, Persistent, Federal, Cryptocurrency
Geotags: 
UKRAINE, UNITED STATES, US
Summary
Key Points: 
  • Core inflation remains elevated overall in both economic areas, due notably to high levels of services inflation.
  • Labour costs started moderating earlier in the United States, with euro area wage growth peaking later and productivity growth being muted by cyclical and structural factors.
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