Economics

Inflation Seen Below ECB’s Goal Next Year in Latest EU Forecast

  • Consumer prices expected to rise 3.5% in 2022, 1.7% in 2023
  • EU executive sees robust expansion after near-term turbulence
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Euro-area inflation will ease below the European Central Bank’s 2% target next year, according to new projections from the European Union that will feed the growing debate about how quickly to raise interest rates.