Inflation tells the tale of two regions

Policymakers will welcome the uptick in US inflation as the recovery continues, while very low inflation in the eurozone will prolong the region's economic pain this year and beyond.

Inflation in the US and eurozone remains weaker than policymakers would prefer, but the outlook for the US is far brighter. Inflation should pick up in the US as the recovery continues, while in Europe slowing inflation continues to prolong the economic slump.

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