ECB's Preferred Inflation-Outlook Gauge Climbs to 5-Month High

  • Five-year, five-year forward rate rises from 2015 low
  • Rate is more than 40 basis points below its 10-year average

The outlook for consumer-price inflation in the euro area, as implied by European Central Bank’s preferred metric, rose to the highest level since July as data showed improvements in manufacturing output and the labor market.

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