The story of inflation in the 2020s pandemic recovery looks to be a tale of two continents. While some high-impact but temporary readjustments are at work in both Europe and the United States, the concern is that prices might continue to rise in America but not in Europe. In this rigorous yet accessible analysis, researchers Daniel Gros and Farzaneh Shamsfakhr eliminate the noise in headline rates to reveal a truer picture of inflation.
About the Authors
Economist Daniel Gros and researcher Farzaneh Shamsfakhr are with the Centre for European Policy Studies.
Comment on this summary
1 year agoThe summary is not correct.
For example, it states "In Europe, owner-occupied housing costs do not figure in consumption numbers, yet are a critical component in the United States."
This makes no sense. What it should say is "In Europe, owner-occupied housing costs do not figure in consumer inflation numbers, or the consumer inflation price basket ..."
There are other problems with the summary as well. The person who did the summary clearly didn't understand the content of the study.
1 year agoHello, and thank you for your comment. The article refers to the “consumption price index,” and so we’ve amended the abstract to reflect that the costs are not measured in inflation statistics. Thank you again for your careful reading and for bringing this to our attention.