Frederik Toscani

Frederik Toscani is an economist in the European Department of the IMF, covering the Euro Area.

Euro Area Inflation and how Import Prices, Profits, and Wages fit in

Frederik Toscani August 3, 2023

While import prices account for much of Europe’s inflation, its outlook largely depends on how companies absorb wage gains as higher prices erode workers’ purchasing power. IMF economist Frederik Toscani says corporate profits account for 45 percent of price rises since the start of 2022.

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IMF Podcasts are the views of the International Monetary Fund (IMF) staff and external officials on pressing economic and policy issues of the day. The IMF, based in Washington D.C., is an organization of 190 countries, working to foster global monetary cooperation and financial stability around the world. The views expressed are those of the author(s) and do not necessarily represent the views of the IMF and its Executive Board.