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2025-07-30 16:39:08
[ECB Data Reveals: Has the Phantom of Inflation Dissipated?] ⑴ The latest ECB data shows that wage growth in the eurozone will slow significantly this year, in line with market consensus and strongly supporting the ECB's assessment that inflationary pressures have been effectively contained. ⑵ Specifically, the negotiated wage growth rate for 2024, including lump-sum smoothing payments, is 4.6%, with a projected sharp decline to 3.2% in 2025. ⑶ Looking further ahead, the ECB's overall wage tracking indicator is projected to fall to 1.7% in the first quarter of 2026, down from 1.8% in the fourth quarter of 2025. ⑷ These data are consistent with previously released tracking results, clearly demonstrating that wage growth is no longer a primary concern for policymakers.
