Why Eurozone Core Inflation Is Running Hot Despite Lower Energy

The ECB is about to cut rates again — but core inflation in the eurozone is running at 3.8 percent, well above target. Lucas and Luna dig into why services inflation is proving so sticky, looking at wage pressures in Germany's construction sector and the mismatch between headline and core that policymakers are wrestling with ahead of the June 2026 meeting. They also discuss what this means for the European Central Bank's credibility and the euro's recent dip below $1.15. If this episode made something click about the economy, consider supporting the show at buy me a coffee dot com slash fexingo. #EuropeanCentralBank #ECB #EurozoneInflation #CoreInflation #ServicesInflation #WageGrowth #Germany #MonetaryPolicy #InterestRates #Euro #EURUSD #Economics #BusinessPodcast #FexingoBusiness #EuropeanEconomy #ECBDecision #InflationTarget #LaborMarket Keep every episode free: buymeacoffee.com/fexingo