Inflation
European inflation looks set to stay
The risk of recession looms over the continent as prices spike
When pandemic inflation took off last year, it was seen as more likely to stick around in the US -- where stimulus was much bigger and consumer demand stronger -- than in Europe. But the energy crisis has upended that picture.
Euro-area price increases have now outpaced the US for two straight months. The gap likely widened in September, when Europe-wide inflation hit 10 per cent while in Germany it accelerated to 10.9 per cent. ...