期刊名称：Euro Area Balance of Payments and International Investment Position Statistics
印刷版ISSN：1830-3420
电子版ISSN：1830-3439
出版年度：2021
卷号：2021
语种：English
出版社：European Central Bank
摘要：Inflation for travel-related items has plummeted in the euro area during the coronavirus (COVID-19) pandemic. Services inflation in general has deteriorated recently reaching a trough in October 2020. The main driver behind the decline has been the strong drop in inflation for travel-related services (here referring to package holidays, accommodation services, and passenger transport by air), despite its relatively moderate weight in HICP services (Chart A). [1] This likely reflects the nature of the containment and lockdown measures taken across the euro area. [2] Given that the impact of lockdown measures on inflation has been particularly visible in those countries that are heavily exposed to tourism [3], this box analyses the potential commonalities in travel-related items affected by COVID-19 lockdowns pulling down services inflation across the euro area countries.
