Economics
Inflation Rate at ECB Goal Doesn’t Mean Draghi’s Job Is Done
- Consumer prices in the euro area jump most since early 2013
- Economic growth accelerated to 0.5 percent in fourth quarter
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Mario Draghi still has reason to argue that it’s not yet job done when it comes to inflation.
Even with consumer-price growth accelerating to 1.8 percent -- a rate not recorded since early 2013 -- the European Central Bank president can insist that unprecedented stimulus is necessary to put the recovery on a more solid footing and stoke underlying price pressures that continue to be muted. But opposition to his view will probably get louder.