HICP forecasts from the ECB

  • 2019 1.2% vs 1.2% prior
  • 2020 1.1% vs 1.0% prior
  • 2021 1.4% vs 1.5% prior
  • 2022 1.6% (new forecast)

Lagarde said the shifts were on changes to expected oil prices.

inflation forecasts

Lagarde highlighted that the Q4 2022 inflation forecast is 1.7%.