FRANKFURT—Euro zone inflation will be higher in the coming years than earlier predicted and will come in just below the European Central Bank’s 2 percent target in 2022, a survey by the ECB showed on Friday.
Consumer price growth is now seen averaging 2.3 percent this year and 1.9 percent the next, the Survey of Professional Forecasters, a key input in ECB deliberations, showed. This compared to 1.9 percent and 1.5 percent respectively in the last edition of the SPF three months ago.
