In particular, the so-called “core inflation” for December – excluding food and energy components – has been disappointing: it fell to 0.9% because wages still aren’t growing sufficiently. But aren’t you afraid that there may be structural reasons for this sluggish price movement?
Such as digitalisation, the internet economy, but also the weak position of an ever increasing number of people on precarious contracts who do not have the leverage to obtain wage rises? Yes, the weakness of wages does play a role, as does technology, but nobody knows precisely the scale of the impact of technology.