"The fact we have inflation falling is based on the presumption that (wage growth) peaked this year," he added. (Reporting by Balazs Koranyi Editing by Francesco Canepa)
Reuters Messaging: balazs.koranyi.thomsonreuters.com@reuters.net)) FRANKFURT, March 22 (Reuters) - Underlying inflation in
the euro zone will fall along with energy prices but the
continued easing of consumer inflation is predicated on wage
growth peaking this year, European Central Bank chief economist
Philip Lane said on Wednesday.
"There are reasons to believe, by looking at the indirect
effect of energy on core, by looking at the pipeline
(pressures), that there are data points to suggest that
underlying inflation measures will ease over time," Lane told a
conference.
Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.