
The Peril of Services Inflation: Western Convergence, Labor Shortages in Hospitality, and What’s Slowing the CNB’s Rate Cuts
Tomáš Adam, Jiří Schwarz (Originally published in Hospodářské noviny, April 29, 2025, Commentary Section) A paradox confronts most European economies today: while headline inflation has hovered near the ideal 2% mark for over a year, many Europeans still shake their heads in disbelief at the prices of lunch, vacations, or a trip to the hairdresser. […]