New data released on April 27, 2026, shows that the European Central Bank is not seeing strong wage growth across the eurozone, even though inflation is picking up again.

According to the ECB’s latest survey, companies expect wages to rise only moderately in the near future. This is important because rapid wage increases can keep inflation high for longer.

In simple terms: Prices may be rising, but salaries are not increasing fast enough to make inflation worse.

For the ECB, this is a positive sign. It suggests that inflation might not spiral out of control, which could give policymakers more flexibility on interest rates later this year.

However, the situation is still uncertain. Rising energy costs, especially from higher oil prices, could push inflation higher again