FRANKFURT, Feb 26 (Reuters) - The European Central Bank expects food inflation, which is crucial for consumers' perception of price stability, to settle just above its 2% target late this year, ECB President Christine Lagarde said on Thursday.
"Looking forward, we expect it to continue to decline and stabilise somewhat above 2% as of late 2026," Lagarde told a committee of the European Parliament.
Lagarde repeated the ECB's expectation that headline inflation will converge to its 2% goal over the medium term as wage growth eases and the economy hums along despite a challenging trade environment.
Reporting by Francesco Canepa; editing by Balazs Koranyi
Source: Reuters