"I look at food, where inflation pressure is probably its
most intense. And it's still rising now," Lane told a university
lecture in Cyprus. "I don't think we are yet at the peak of food
inflation, it's not yet there but again it's projected to fall
this year."
Overall inflation slowed sharply last month on lower energy
costs but underlying price growth continued to rise, raising
concerns that quick price growth was at risk of getting stuck.
(Reporting by Michele Kambas; Writing by Balazs Koranyi;
Editing by Alison Williams)
NICOSIA, April 5 (Reuters) - Food inflation is still
intensifying in Europe and may be the key driver of price growth
now, European Central Bank chief economist Philip Lane said on
Wednesday.
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