ECB economists expect food inflation to rebound in 2027
Energy costs and weather are set to reverse a slowdown that began in January
Food inflation in the eurozone is set to rise again over the next year, European Central Bank economists have said.
In a blog post on October 20, Elena Bobeica, Gerrit Koester, Friderike Kuik and Christiane Nickel say that although food inflation fell from 2.6% in January to 1.1% in August – its lowest level since mid-2021 – it was “too early to assume that food inflation has lost its bite”.
Food price growth in September was 1.3%, a slight increase on the previous month.
The energy shock from the
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