ECB Sees Core Inflation Outpacing Headline Growth in 2019: Chart

European Central Bank President Mario Draghi was adamant on Thursday that “there are no convincing signs” that underlying price pressures are picking up, but updated staff forecasts published after the press conference show they will be above headline inflation by 2019. Higher wages and indirect effects from rebounding oil prices will be a main factor in pushing up prices as the recovery progresses and consolidates, the report showed. Euro-area core inflation, which strips out energy and food prices, has been at or below 1 percent for the best part of the last three and a half years.

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— With assistance by Lorcan Roche Kelly

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