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 factors contributed to the decline in headline inflation in March?

How does the current wage growth compare to previous levels, and what is the outlook for future wage growth?

What are the criteria for assessing the inflation path mentioned in the text?

What does it mean for inflation to be self-sustained according to the text?

Why is it important for the inflation discussed to relate to the whole eurozone rather than just one country?