Vysvetlenia
Plain-language pieces on eurozone inflation and ECB policy — the forces behind the numbers, grounded in the official data.
bulgaria
Bulgaria joins the euro — what it means for inflation
On 1 January 2026 Bulgaria became the 21st member of the euro area. Because the lev was already pegged to the euro, the monetary shock is small — but the inflation story is worth understanding.
23. júna 2026 · 5 min
baltics
Why Baltic inflation runs hotter than Germany's under one ECB rate
Lithuania's harmonised inflation is running near 5% while Germany's sits below 3% — under the exact same central bank. The gap is structural, and it is the clearest illustration of the euro's "one size fits none" problem.
23. júna 2026 · 6 min
explainer
HICP vs CPI — why eurozone inflation uses a different yardstick
The number the ECB targets is the HICP, not your country's national CPI. They usually move together, but the differences are real and occasionally large enough to matter.
22. júna 2026 · 5 min