Eurozone Inflation Outlook Stable Despite Iran War

According to an ECB survey, Eurozone companies anticipate a short-term inflation surge due to the Iran War, but long-term forecasts remain stable with slowing wage growth.

Mon Apr 27 2026

Iran War Expected to Fuel Short-Term Inflation

According to a survey on corporate financing conditions published by the European Central Bank (ECB) on the 27th, Eurozone companies anticipate a sharp rise in inflation in the short term due to the Iran War. The survey, which included over 10,000 companies, incorporated responses from both before and after the start of the conflict. The forecasted inflation rate for one year ahead increased from 2.6% three months prior to 3.0%.

Long-Term Inflation and Wage Growth Slowdown

Despite short-term inflationary pressures, Eurozone companies reported stable long-term price outlooks. Inflation forecasts for three and five years ahead remained unchanged. Furthermore, wage growth is expected to slow from 3.1% three months ago to 2.8%. The ECB noted that the war in the Middle East significantly boosted companies' sales price and input cost expectations but did not affect wage forecasts. Companies expect sales prices to rise by 3.5% and input costs, including energy, to increase by 5.8%.

*Source: ニューズウィーク日本版 (2026-04-27)*

Tags: #Eurozone #ECB #Inflation #Iran War #Wage Growth