Euro-Area Inflation to Noticeably Exceed ECB Goal, ZEW Poll Says

Inflation in the euro area is likely to exceed the European Central Bank’s goal by significantly more than previously expected, according to a survey of financial market experts.

A poll by the ZEW Institute in Mannheim, Germany, signaled far less optimism on the price outlook than the ECB’s own in-house projections, which show the inflation rate dropping to just over its aim of 2% by 2024. The respondents, meanwhile, have continuously revised up their forecasts in recent months.