Commodity price shocks may unhinge eurozone inflation, ECB article says
Commodity prices have increased sharply and become more volatile over the past decade – changes that could have implications for eurozone inflation, according to a an article published today in the European Central Bank's (ECB) monthly bulletin.
The article, Commodity Prices and their Role in Euro Growth and Inflation, states that conventional assumptions for commodity prices based on futures prices may become outdated more quickly when commodity prices are subject to unexpected trends.
It adds
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