ECB’s de Guindos Flags Structural Driver in Inflation Rise

ECB’s de Guindos Flags Structural Driver in Inflation Rise
European Central Bank (ECB) Vice-President Luis de Guindos gives a press conference after an informal ECOFIN meeting in Lisbon on May 22, 2021. Carlos Costa/Pool/AFP via Getty Images
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FRANKFURT―The recent rise in euro zone inflation has a structural driver in supply disruptions and the European Central Bank has to watch out for any sign of wages increases, ECB vice-president Luis de Guindos said on Monday.

The ECB officially expects price growth in the euro zone, which hit 3.4 percent last month, to ease back below its 2 percent goal next year, but many inside the bank fear inflation will prove stickier.