A Jump in Eurozone PPI Won’t Stop ECB Easing

Perhaps disinflationary trends in the eurozone are giving way to pro-inflationary ones. The eurozone’s producer price index rose 0.8% in July after rising 0.6% in the previous month. Prices are still lower year-on-year for the fifteenth month, with a reading of -2.1% after -3.3% the previous month. Nevertheless, the jump over the past two months […]

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