ECB’s Lane: Progress to 2% inflation won’t be as quick as to 4%

  • Food inflation is still quite high now
  • It is still a substantial issue
  • Services inflation now a big contributor

I wouldn’t really deny that as we may be stuck in a period of around 3% to 5% inflation for some time perhaps. And the outlook will not be helped if oil prices run higher as it did in the past month or so.

This article was written by Justin Low at Source