Finance
Euro zone ministers expect inflation to slow in 2022
Published by maria gbaf
Posted on October 5, 2021
1 min readLast updated: January 31, 2026
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Published by maria gbaf
Posted on October 5, 2021
1 min readLast updated: January 31, 2026
Euro zone inflation, driven by energy prices, is expected to slow in 2022, according to euro zone finance ministers and the ECB.
LUXEMBOURG (Reuters) – The acceleration of euro zone inflation, driven energy prices, is mostly temporary and price growth will slow down again next year as forecast by the European Central Bank and the European Commission, euro zone finance ministers agreed on Monday.
Paschal Donohoe, who chaired the talks of the ministers in Luxembourg, told a news conference said there was also agreement that the inflation spike was not an argument against the transition to renewable sources of energy under the EU’s ambitious plan of reducing CO2 emissions to zero by 2050.
(Reporting by Jan Strupczewski)
The main topic is the expected slowdown of euro zone inflation in 2022, driven by energy prices.
Inflation is expected to slow due to temporary factors and forecasts by the European Central Bank.
The inflation spike is not seen as a barrier to the EU's renewable energy transition goals.
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