ECB Occasional Paper, No. 343; Dao, M. C., Gourinchas, P.-O., Leigh, D. and Mishra, P. (2024) Understanding the international rise and fall of inflation since 2020, mimeo. The medium-term services inflation rate that is consistent with sustainably meeting the target of two per cent for the headline inflation rate will depend on the structural factors driving the medium-term relative price trends across energy, food, goods and services. Comment on LCI indicator. See S. Holton, G.Koester (2024), Tracking euro area wages in exceptional times , The ECB Blog. See P. Adrjan, R. Lydon (2022), Wage growth in Europe: evidence from job ads , Central Bank of Ireland Economic Letter 2022-07. See Arce, �. and Sondermann, D. (2024), �