Consumer prices are starting to ease slightly in the eurozone, but will continue to persist at rates that are “too high for too long”, the European Central Bank said Thursday.
In its latest inflation forecasts for the bloc, the ECB predicted that inflation will reach 5.4 percent in 2023, 3.0 percent in 2024 and 2.2 percent in 2025.
The forecast marked a 0.1 percentage point increase from its March predictions for each of the three years.
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