Some signs point to larger inflation risk than in 2022, ECB blog argues

Some signs point to larger inflation risk than in 2022, ECB blog argues

FRANKFURT, June 3 (Reuters) – It is not a given that the current inflation shock facing the euro zone will be more benign than the 2022 episode, as some initial conditions flag larger ​inflationary risks, a blog post written by senior ECB economists ‌argued on Wednesday. Euro zone inflation jumped to 3.2% last month, far above the 2% target, as the war in Iran pushed energy prices sharply higher, with some of this increase now seeping into the b…