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ECB Economic Forecasts

Overview of Inflation Indicators

Chart 1 illustrates the progression of headline and core inflation since 2019, comparing Eurozone and national inflation rates using the Harmonised Index of Consumer Prices.

European Economic Forecast

In November 2021, the European Central Bank published its Institutional Paper 160, titled “EUROPEAN ECONOMY.”

Recent actions by the European Central Bank to control inflation have been more gradual compared to other international counterparts.

The Commission releases comprehensive forecasts twice yearly, in autumn and spring, along with growth and inflation updates midway through the year.

The European Central Bank has indicated that June is the earliest it may reduce interest rates after lowering its earlier expectations.