Why is services inflation stickier in Europe than the US?
Given comparatively weak economic conditions, it might seem surprising that services inflation has been stickier in Europe than in the US in recent months. But much of this reflects the delayed response of wage growth to labour market normalisation in Europe and we expect the pattern to reverse in the year ahead.
Subscriber content
Read this in full, free
Start a free trial and use one of your 10 free starter credits to unlock this piece.