A red rag begins to move. In the euro zone, inflation hit the 2% mark in May, whereas it was zero at the start of the year. However, the European Central Bank (ECB) still interprets its price stability objective as an increase “below but close to” this fateful threshold of 2%.
Of course, there is nothing to worry about. According to the said central bank and the vast majority of economists, this acceleration in inflation is only a bump. Or just one more indicator that rebounds after collapsing due to a devastating epidemic.