Christine Lagarde’s inflation excuses wear thin

Euro zone inflation accelerated to a new record high of 7.5% in March from 5.9% in February, an early estimate from the European Union’s statistics office showed on April 1. That compares with the European Central Bank’s target of 2%.

Energy prices soared 44.7% from a year earlier. Consumer prices excluding energy, food, alcohol and tobacco costs rose 3% over the same period, from 2.7% in February.FILE PHOTO: President of European Central Bank Christine Lagarde addresses a news conference following the meeting of the Governing Council's monetary in Frankfurt, Germany March 10, 2022.

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ECB's Lagarde insists inflation will stop risingFood and energy prices in the euro zone should stop rising, which should help the euro zone avoid a combination of stagnant growth and high inflation feared by economists, European Central Bank President Christine Lagarde said on Wednesday.
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