Note: dashed lines show pre-pandemic trends. 9  2020q1  2020q3  2021q1  2021q3  Figure 3  Contributions to consumer price index inflation  (monthly data; percentage changes and percentage points; year-on-year growth) United States  Euro area  Source: US Bureau of Labor Statistics and Eurostat.
The next point I want to tackle is the issue of flow of foreign investment funds into the Euro Area, also from a GCC Countries' perspective. There are two questions here; •  Can the Euro Area absorb large amounts of investment funds from the GCC Countries in a short period of time?