Inflation & Prices
Euro-Area Inflation Reaches 2% in BE Nowcast Just as ECB Policymakers Meet
- Report showing falling producer prices pushes down measure
- Outcome illustrates how ECB decisions may get finely balanced
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European Central Bank officials about to meet in Frankfurt this week can take heart: according to a Nowcast of inflation, they’ve already got it down to their 2% target.
The gauge compiled by Bloomberg Economics, incorporating 32 variables ranging from unemployment to energy costs, has just hit 1.95% — after a drop in January producer prices published on Tuesday fed into the model.