ecb press_conference, 2016-12-08
There is no question that these higher prices will feed into higher headline inflation, though we have to see how this is going to be - and it's exactly the same considerations, I remember, as I was doing in the other direction two or three years ago - we have to see to what extent this is a one-off effect, to what extent it will have secondary effects, and to what extent this will affect inflation excluding energy which we are not seeing yet any effect of on it.
Sentiment: neutral
Topic: mp_inflation