Eurozone: Inflation to stay elevated through 2027 - ABN AMRO

FXStreet · FXStreet Insights Team · 2026-11-06 14:32 UTC

ABN AMRO analyzes overlapping supply-side shocks, including energy, food and supply bottlenecks, that are pushing Eurozone inflation higher.

ABN AMRO analyzes overlapping supply-side shocks, including energy, food and supply bottlenecks, that are pushing Eurozone inflation higher. The bank expects Eurozone inflation to rise further in coming months and remain elevated through 2027, with food and goods pipeline pressures partly offsetting easing energy inflation. Wage growth and inflation expectations are highlighted as key variables for the European Central Bank.

Inflation wave driven by supply shocks

"As a result, eurozone inflation has been trending up in recent months and reached 4% in October. These shocks affect inflation through different channels and at different speeds."

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