Wages are rising as fast as early 2006 upside and 2009 on the downside SO inflation should be sustainable through 2020. Since 2016, it has been above 0.5% most of the time.
The dip in late 2014 and 2015 is due to QE by ECB and the crash in oil prices which has reversed. ECB will start to raise rates in Sep. ECB QE will end by the end of April.
Unemployment claims are very low as well so wage inflation has some stickiness until just after recession 2020.
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