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MNI BRIEF: Professional Forecasters Up Inflation Outlook: ECB

(MNI) LONDON
(MNI) London

Professional economic forecasters have upped their outlook from Eurozone inflation, latest ECB survey shows.

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Professional forecasters have revised up their inflation expectations for both 2023 and 2024 to stand at 5.9% and 2.7% respectively, the ECB's latest survey shows.

The Q1 survey showed an increase from 5.8% and 2.4% respectively. The outlook for 2025 -- a first in this survey -- was 2.1%, while the longer-term inflation expectation was revised lower to 2.1% from 2.2% in the Q4 reading. According to the survey, the upward revisions primarily reflect changes to expectations for core inflation.

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Professional forecasters have revised up their inflation expectations for both 2023 and 2024 to stand at 5.9% and 2.7% respectively, the ECB's latest survey shows.

The Q1 survey showed an increase from 5.8% and 2.4% respectively. The outlook for 2025 -- a first in this survey -- was 2.1%, while the longer-term inflation expectation was revised lower to 2.1% from 2.2% in the Q4 reading. According to the survey, the upward revisions primarily reflect changes to expectations for core inflation.

Keep reading...Show less