Draghi Says Wage Growth Outlook Remains Uncertain

The video discusses the decline in headline inflation in March, with lower rates across all main components, while underlying inflation remains subdued. The short-term outlook is revised down due to lower oil prices and a weaker starting point for underlying inflation. There are signs of producer price buildup and early pricing chain pressures. Wage growth is slightly increasing but remains uncertain. The criteria for inflation path convergence include a durable and self-sustained rate below but close to 2%, applicable to the entire eurozone.

What was the main reason for the revised short-term inflation outlook?

• Stronger economic growth

• Higher oil prices

• Increased consumer spending

• Lower oil prices

What signs were observed in the early stages of the pricing chain?

• Stability in market prices

• Reduction in supply chain costs

• Buildup of producer prices

• Decrease in consumer demand

How has wage growth been described in the recent period?

• Declining sharply

• Rapidly increasing

• Remaining stable

• Slightly picking up

What is the target inflation rate mentioned in the criteria?

• Above 3%

• Exactly 2%

• Below 1%

• Below but close to 2%

What does 'self-sustained' mean in the context of the inflation path?

• Limited to specific countries

• Driven by temporary factors

• Maintained without strong monetary support

• Dependent on external factors