According to Christoph Weil, an economist at Commerzbank AG
He predicts that Eurozone inflation will top 2% in the summer - but says that the jump will be primarily from more expensive energy - not from goods and services, which the ECB would like. Though Weil says that this may still play into the ECB's hands of finally announcing an end to QE.
Weil also argues that his forecasts show that the inflation rate has jumped to 1.5% y/y in March - saying that the timing of the Easter holidays and unusually cold weather has helped skew prices for vacations and fresh foods.
That's roughly what the ECB is seeing for the rest of the year based on their forecasts here.
But again, Weil's forecast is talking about headline inflation. The core reading continues to sit way below that. And though a lift may come from energy, it's not the sort of thing that provides the ECB with too much comfort surely if they are to move forward to hike rates in 2019.
