âNIt’s not just Taylor Swift,” replied Christine Lagarde, president of the European Central Bank (ECB), when asked whether or not the American singer is a threat to controlling inflation. O. In a panel at the ECB Forum, the French leader said that the European regulator is “very advanced†in its race to cool prices, but the road to the end of this year is “bumpy†. Year-on-year inflation in June fell to 2.5%, a tenth less than in the previous year, Eurostat announced this week. But the index for services remained unchanged at 4.1%, being the biggest obstacle to the ECB’s efforts. This item includes the variation in prices related to hotels and restaurants, with Taylor Swift’s recent European tour increasing demand and driving inflation in this segment. Portugal did not escape this trend.
