But in the information economy, it remains up to us to organize and use that information in ways that improve the quality of decision making. BIS Review 73/2001  5
Second, differences between the euro area and the United States have already existed previously. Over the ten years preceding the pandemic, inflation excluding food and energy was, on average, about 50% higher in the United States than in the euro area. So, inflation in the United States started from a visibly higher level.