Underlying Euro-Area Inflation Lubricates ECB QE Exit: Chart

(Bloomberg) -- Underlying euro-area inflation accelerated slightly in March, according to Bloomberg Economics’ supercore measure, which tracks domestically generated price pressures. The gauge climbed to 1.2 percent, hitting the highest level since early 2014. While the move is too small for the European Central Bank to significantly shift the outlook for monetary policy, it will allow the Governing Council to continue moving toward the exit from its quantitative easing program.

To contact the reporters on this story: David Powell (Economist) in London at dpowell24@bloomberg.net, Jamie Murray (Economist) in London at jmurray126@bloomberg.net.

To contact the editors responsible for this story: Fergal O'Brien at fobrien@bloomberg.net, Zoe Schneeweiss, Eric Coleman

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