Cost-of-Living Squeeze Intensifies as ECB Flags Food Inflation Surge and Oil Prices Spike

The ECB's chief economist just delivered a grim warning: food prices will be the primary driver of inflation through 2027, with El Niño weather events pushing commodity costs higher. Philip Lane told RTÉ that inflation will hover at 3% for the rest of the year — well above the ECB's 2% target — and the picture darkens further into next year. Oil prices have climbed above $91 per barrel as Middle East peace talks collapse, with Brent crude hitting its highest since late...