Eurozone faces risk of entrenched inflation – Villeroy de Galhau

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Banque de France governor François Villeroy de Galhau

The eurozone faces the risk of entrenched inflation, according to Banque de France governor François Villeroy de Galhau in a speech in New York on April 11.

This risk was due to higher core inflation, he stressed. The harmonised index of consumer prices (HICP) excluding energy, food, alcohol and tobacco rose year on year by 5.7% in March. This is the highest level on record. The index’s core component includes manufactured goods and services, encompassing around 70% of the eurozone’s

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