Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
Professional forecasters have revised their 2022 and 2023 inflation outlooks sharply higher and left their medium-term outlook for 2024 unchanged, despite the growing uncertainties from the ongoing war in Ukraine, the European Central Bank's latest survey.
HICP inflation expectations were revised up by 3.0 percentage points for 2022 and 0.6 percentage points for 2023 but unchanged for 2024, standing at 6.0%, 2.4% and 1.9% for 2022, 2023 and 2024 respectively, the April Professional Forecasters' Survey shows..
According to the survey, the upward revision for 2022 mainly reflects higher expected energy and food price inflation. Longer-term inflation expectations (for 2026) were revised upward by another 0.1 percentage point to stand on average at 2.1%. Expectations for core inflation (excluding energy, food, alcohol and tobacco) were also revised up, particularly for 2022 and 2023.
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.