ECB boosts 2021 inflation forecast to 2.2% from 1.9%
The latest HICP forecasts released Sept 9, 2021
- 2021 inflation to 2.2% vs 1.9% in June
- 2022 inflation to 1.7% from 1.5% in June
- 2023 inflation to 1.5% vs 1.4% in June
Lagarde said the temporary increase in inflation largely reflects higher oil prices. I'm surprised she didn't mention natural gas and power prices, which are surging and are going to be a big story this winter.