That being said, the energy component has a higher weight in euro area HICP, so a 1 percentage point increase in CPI energy prices has a greater impact on headline inflation in the euro area than in the United States. 3 The equivalent figure for core PCE inflation was 1.9%. 4 Rostagno et al. (2019), op.cit.
To nurture a resilient economy by ensuring this is anchored on sound macroeconomic fundamentals; in particular, we will stay focused on achieving our inflation target while maintaining a policy of flexible exchange rates;  2.