No Peak in Food Inflation Yet, Lane Predicts
During a university lecture in Cyprus, Lane explained that food inflation pressure is currently at its most intense and continues to rise. He also mentioned that the peak of food inflation has yet to be reached, but it is expected to decline later this year.
Underlying Price Growth Raises Concerns
Although overall inflation experienced a sharp decrease last month due to lower energy costs, underlying price growth continued to rise. This trend raises concerns that rapid price growth could persist, posing a risk to the economy.