Looking at the number of workers by industry, as shown on the left-hand side of Chart 7, there have been significant decreases in accommodations and eating and drinking services, in wholesale and retail trade, and in lifestyle-related and amusement services. This fall in employment figures can be considered a consequence of the decline in services consumption.
There are signs of an acceleration in headline inflation, above all because of the increase in oil and commodity prices. However, we are still waiting for signs that core inflation is on the rise and will clearly exceed 1%. That said, our assessment of the balance of risks, including for inflation, is shifting.