- Sees 2022 HICP inflation at 5.1% vs 3.2% in December
- 2023 inflation 2.1% vs 1.8% prior
- Sees 2024 at 1.9% vs 1.8% prior
- Lagarde warned inflation could be 'considerably higher' in the near term
- Energy prices surged by 31% in February
They're going to lean on that 2023 forecast to say it's transitory but they could quickly find themselves behind the curve. Fuel and electricity prices in Europe are staggeringly high.
