Next year, inflation is likely to remain higher in Spain and Germany than in Italy and France. But unlike in the 2000s, inflation differentials are not currently a sign that unsustainable imbalances are building up.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services