Economics

EU Sees Euro-Area Inflation Below the ECB’s Target in 2023

Consumer prices to rise 2.4% in ’21, 2.2% in ’22, 1.4% in ’23
Projections come as ECB looks to revamp post-pandemic toolkit

Workers at a supermarket in Valencia, Spain.
Photographer: Angel Garcia/Bloomberg

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By Alexander Weber and Jorge Valero

November 11, 2021 at 10:00 AM UTC

Updated on

November 11, 2021 at 11:20 AM UTC

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Euro-area inflation will slow sharply in 2023 as energy costs stabilize and the supply-chain disruptions that are currently stoking prices fade, according to the European Commission.