ECB expects food inflation to settle just above 2%
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FILE PHOTO: European Central Bank (ECB) President Christine Lagarde addresses the press following the ECB's Governing Council meeting, at the ECB headquarters in Frankfurt, Germany, February 5, 2026. REUTERS/Jana Rodenbusch/File Photo
FRANKFURT, Feb 26 (Reuters) - The European Central Bank expects food inflation, which is crucial for consumers' perception of price stability, to settle just above its 2% target late this year, ECB President Christine Lagarde said on Thursday.
"Looking forward, we expect it to continue to decline and stabilise somewhat above 2% as of late 2026," Lagarde told a committee of the European Parliament.
Lagarde repeated the ECB's expectation that headline inflation will converge to its 2% goal over the medium term as wage growth eases and the economy hums along despite a challenging trade environment.
(Reporting by Francesco Canepa; editing by Balazs Koranyi)
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