Inflation differentiation hides surface stability, internal differences increase Difficulty in European Central Bank interest rate decisions.
According to the Wisdom Financial APP, for European Central Bank officials celebrating stable prices in the euro area, one point worth noting is that the 2% inflation rate is only a relative concept. Although the euro area's inflation rate in July remained at the target level of 2%, only Finland's inflation rate reached this target. In other 19 euro area countries, some countries' inflation rates have hardly increased, while some countries' inflation rates exceed 2% and are nearly three times the 2% target level. Data shows that the top three economies in the euro area - Germany, France, Italy, as well as Ireland and Cyprus had inflation rates below 2% in July, while the inflation rates of the remaining 14 countries were above 2%.
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