Jean-Claude Trichet: Educational games € and “Inflation Island” Remarks by Mr Jean-Claude Trichet, President of the European Central Bank, at the launch event for the educational games € and “Inflation Island”, Frankfurt am Main, 8 December 2010.
However, core prices-those excluding food and energy-have continued to rise rapidly. In particular, inflation in core goods prices has been surprisingly strong, in part because the elevated demand for goods we saw during the height of the pandemic has taken longer to abate than previously anticipated. Still, there are reasons to expect core goods inflation to slow in coming months.