Euro-Area Inflation Seen in Line With ECB Goal by 2021: Chart

Long-term inflation expectations in the euro area are just where European Central Bank President Mario Draghi would want them to be: below but close to 2 percent. Economists and experts surveyed by Germany’s Ifo institute say price growth will average 1.8 percent in 2021, with inflation strongest in Austria and Spain, and weakest in France. The ECB forecasts the rate will rise from 0.2 percent currently to 1.6 percent in 2018.