Inflation rises again in the Eurozone – should the ECB act to curb transitory inflation?
Emeritus Professor Joe Nellis is Head of Economic Research at MHA, the accountancy and advisory firm. Inflation in the Eurozone has edged higher again, rising from 2.9% in July to 3.3% in August. This is a cause for concern – reinforcing worries that price pressures are proving more stubborn than policymakers would like and raising…