Recent developments in pipeline pressures for non-energy industrial goods inflation in the euro area

Gerrit Koester, Ieva Rubene, Eduardo Gonçalves and Jakob Nordeman

Economic Bulletin Boxes, 2021, vol. 5

Abstract: The recent marked increases in the cost of commodities, raw materials and intermediate products have so far led to only limited upward pressures on consumer goods inflation. Looking ahead, upward pressures on non-energy industrial goods (NEIG) inflation from recent global developments in these input costs are expected to strengthen, as the pass-through generally takes more than one year. How visible and strong the impact on NEIG inflation might be will depend on how persistent the global input cost shocks ultimately are. JEL Classification: E31, Q02, D12

Keywords: Economic activity; euro area; inflation (search for similar items in EconPapers)
Date: 2021-08
Note: 3015628
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Citations: View citations in EconPapers (6)

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