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