Bruce Edwards: So what's the difference between inflation in the US and inflation in Europe? Philip Lane: This is clearly mostly a supply shock in Europe, from this energy shock. The increase in energy prices in all the sectors that use energy as an input has led to this really extraordinary inflation rate of 10.7, double-digit inflation. Bruce Edwards: In today's episode, European Central Bank Chief Economist, Philip Lane, explains Europe's own special inflation conundrum, and what it means for governments and people there trying to stay afloat. Philip Lane: The most vulnerable groups do have to be supported, but ... (full story)