acemaxx( humongous #profits and euro area #inflation ) The contribution from #UnitProfits has been particularly large over the last 3 Qs, accounting for roughly 60% of total growth in the GDP #deflator - chart @ECB https://shorturl.at/vzD34
How have unit profits contributed to the recent strengthening of euro area domestic price pressures?
The European Central Bank (ECB) is the central bank of the European Union countries which have adopted the euro. Our main task is to maintain price stability in the euro area and so preserve the purchasing power of the single currency.