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Lagarde: Inflation Becoming More Widespread, Wages Picking Up

ECB

Lagarde goes on to note that core inflation is rising, and price pressures are broadening:

  • Prices rises are becoming more widespread across sectors. Measures of underlying inflation have been rising further
  • The labour market continues to improve with unemployment remaining at the historic low. Job vacancies across many sectors show robust demand for labour.
  • Wage growth has started to pick up. Over time, strengthening of the economy and catch up effects should support growth in wages.
  • While most measures of inflation expectations stand at around 2%, initial signs of above target revisions warrant close monitoring.
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