Disinflation dashboard provides tools to monitor how widespread inflation and wage pressures are in the European Union. Our baseline view: disinflation will not be rapid. In most EU countries, the share of prices, growing at a high pace, has been stable for a quarter. We do not observe the deceleration. We expect a prolonged period of higher core inflation.
Disinflation dashboard - part one: price tracker
Disinflation denotes rapid slowdown of prices' growth. It was expected to be a major theme in the global economy in 2023. Still, most economic observers follow only the headline HICP or CPI figure to assess the current shape of European economies. The aim of this dashboard is to present a more comprehensive view - we look at how widespread the rapid price growth is. Based on Eurostat figures, we calculated the share of expenditure, where prices expanded by more than 2%, 5% and 10% respectively. Results are summarized in the dashboard below.
Disinflation dashboard - part two: wage-price spiral tracker
The ECB's negotiated wages indicator shows a stable picture so far. Still the data is published quarterly with a long delay. We propose a real-time dashboard showing the occurrence of Internet queries related to wage hikes. The number should suggest further development of wage growth.