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FEZ - Dissecting The Eurozone's (Lack Of) Inflation
SPDR DJ Euro STOXX 50 Etf
Eurozone inflation is in the doldrums again. After perking up to 1.7% in April, it slumped back to 1.2% in May. According to Bloomberg, this was "lower than expected." But I wonder who, apart from the ECB, really expected anything else. Core inflation has been well below target for the last five years:
(chart from Bloomberg)
And although the headline HICP measure increased in 2016-18, this was mostly due to the oil price bouncing back from its 2014-15 slump:
(chart from Macrotrends)
The wild swings in the energy inflation rate can be clearly seen