Finance
ECB Expects Food Inflation to Settle Just Above 2%
Published by Global Banking & Finance Review®
Posted on February 26, 2026
1 min readLast updated: April 2, 2026
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Published by Global Banking & Finance Review®
Posted on February 26, 2026
1 min readLast updated: April 2, 2026
Add as preferred source on GoogleLagarde said the ECB expects food inflation to ease and settle just above 2% by late 2026. She reiterated headline inflation should converge to 2% as wage growth slows and the eurozone economy holds up.
FRANKFURT, Feb 26 (Reuters) - The European Central Bank expects food inflation, which is crucial for consumers' perception of price stability, to settle just above its 2% target late this year, ECB President Christine Lagarde said on Thursday.
"Looking forward, we expect it to continue to decline and stabilise somewhat above 2% as of late 2026," Lagarde told a committee of the European Parliament.
Lagarde repeated the ECB's expectation that headline inflation will converge to its 2% goal over the medium term as wage growth eases and the economy hums along despite a challenging trade environment.
(Reporting by Francesco Canepa; editing by Balazs Koranyi)
The ECB’s outlook for prices, with Christine Lagarde saying food inflation should settle just above 2% while overall inflation converges toward the 2% target.
By late 2026, with the ECB anticipating a level slightly above its 2% target.
Moderating wage growth and a resilient eurozone economy, despite ongoing trade-related headwinds.
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