The deal, watched by the European Central Bank for its effect on inflation, comes at a tough time for Europe’s biggest economy.
The deal, watched by the European Central Bank for its effect on inflation, comes at a tough time for Europe’s biggest economy.
Different country of course, but under the 1997-2010 Labour government, UK wages went up by 60%, while at the same time, the UK had the longest period of sustained low inflation since the 1960s.
Increasing wages indeed does not lead to much of an increase in inflation. This is shown in data time and again.