Inflation & Prices
ECB Has to Work Out If Inflation Monster Is Taking Its Last Gasp
- Even faster-than-expected data shows steady downward pressure
- Policymakers will unveil new forecasts at March 7 decision
The European Central Bank (ECB) headquarters in Frankfurt.
Photographer: Alex Kraus/BloombergThis article is for subscribers only.
European Central Bank officials confronting faster-than-expected inflation might also wonder if this is just the last stumble before their 2% target looms large.
While the 2.6% outcome for February released on Friday — and a still-stubborn 3.1% result for the so-called core measure — present grounds for caution, the downward momentum in consumer prices is getting harder to ignore.