ECB’s Lane: Food inflation will reverse later this year | Forexlive

• Energy price fall will feed into core prices but timeframe is uncertain
• There is some upside risks to wage growth
• Real wage growth correction has to be a gradual process

Two years ago, they were certain that inflation is just ‘transitory’. In 2022, they were certain that inflation will have peaked in the second half of the year. And then, here we are now. I think that says it all.

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• Source: https://www.forexlive.com/centralbank/ecbs-lane-food-inflation-will-reverse-later-this-year-20230526/