Having risen from 0.6% to 1.1% between November and December 2016, the inflation rate has admittedly almost doubled in the Eurozone, but underlying inflation remains weak. This situation has prompted the European Central Bank (ECB) to act cautiously, maintaining its interest rate unchanged and continuing with its policy of a massive buyback of securities, mainly public ones (quantitative easing or QE).
This annual increase in inflation principally reflects a strong annual increase in energy...