ecb speech, 2006-06-08
The cluster of large unanticipated supply shocks that have implications for the Harmonised Index of Consumer Prices that is the focus of the ECB's inflation analysis includes a strong and persistent increase in the price of oil and natural gas in 2000 and again after 2004; increases in unprocessed food prices associated with the outbreak of BSE and foot-and-mouth disease in 2001; and rises in administered prices and tobacco taxes announced in late 2004.
Sentiment: neutral
Topic: mp_inflation