What I Cover Irina Slav has been writing about global energy markets since 2007, covering the oil and gas industry, energy security, commodities, and the… Soaring oil and gas prices will keep most other prices elevated for longer, with eurozone inflation only likely to approach the target rate of 2% towards the middle of next year, the chief economist of the European Central Bank has said. “As a result, we believe this second wave of energy price increases should lead to higher and more persistent inflation, before it recedes towards our target starting in mid-2027,” Philip Lane told a Swiss daily, as quoted by Reuters.
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