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ECB's Stournaras still sees inflation jump as temporary: Bloomberg

ECB's Stournaras still sees inflation jump as temporary: Bloomberg
ECB's Stournaras still sees inflation jump as temporary: Bloomberg   -   Copyright  Thomson Reuters 2021
By Reuters

FRANKFURT – The rise in euro zone inflation still looks temporary, Greek central bank chief Yannis Stournaras told Bloomberg, cautioning against reading too much into a jump that pushed price growth to 3% last month.

“Wage developments and unit labor costs which determine the core of inflation do not show the same volatility as headline inflation,” Stournaras said.

“So, on this evidence I would advise caution regarding the course of inflation relative to our medium-term target.”