Euro-area inflation accelerated more than forecast to effectively reach the European Central Bank’s goal, which may intensify a debate among policy makers about their long-running stimulus programs. The 1.8 percent annual increase in consumer prices in January was the fastest since early 2013 and beat the 1.5 percent median forecast in a Bloomberg survey. That’s in line with the ECB goal of just below 2 percent, though the less-volatile core rate remains at just half that level. While largely driven by higher oil prices, the inflation pickup is feeding into questions about the appropriate degree of monetary stimulus for the 19-nation currency bloc. ECB President Mario Draghi has repeatedly stressed that underlying price pressures are still weak and he wants certainty that the acceleration will prove durable, though German policy makers have started to push for a discussion about winding down quantitative easing. “It’s very straight forward: Draghi laid out the criteria that make it clear that inflation has to be self-sustained, durable over time, and for the whole of the euro area,” said Frederik Ducrozet, senior economist at Banque Pictet & Cie SA in Geneva. “This is not what the ECB would consider price stability, even if the hawks get louder.” Core inflation remained at 0.9 percent in January. The euro was little changed after the reports and traded at $1.0725 at 11:35 a.m. Frankfurt time. The ECB envisaged a temporary blip in inflation. In December, it forecast average price growth of 1.3 percent in the three months through March, followed by readings of 1.2 percent in each of the next two quarters. Until an update is published in March, the ECB will have to rely on surveys and economic data to assess the state of the region’s recovery. Confidence jumped to a six-year high in January, and separate data on Tuesday showed the economy grew 0.5 percent in the fourth quarter, in line with economists’ estimate. The Eurostat data also showed unemployment fell to 9.6 percent in December, the lowest level since mid-2009. The economy expanded 1.8 percent in the fourth quarter from a year earlier. German inflation accelerated to 1.9 percent at the start of the year, the fastest rate in three and a half years, while prices increased 3 percent in Spain, providing further ammunition to critics of the ECB’s ultra-expansionary policy stance in an election year. Executive Board member Sabine Lautenschlaeger and Bundesbank President Jens Weidmann have signaled that it may soon be time to phase out asset purchases, currently set to run until at least the end of the year. Others are urging for patience as underlying price pressures remain subdued. Ewald Nowotny said on Monday that while developments in Germany are monitored, monetary policy cannot cater to just one country, reasoning that the ECB’s Governing Council won’t make a decision on the future of QE until after the summer. Such a stay would give officials more time to weigh the implications of protectionist policies pursued by the U.S. administration and the U.K.’s strategy to exit the European Union. With euro-skeptic parties gaining traction in opinion polls, elections in some of the region’s largest economies also add to uncertainty. “Draghi is erring on the cautious side, but this type of data makes it harder for him to defend his position,” Holger Sandte, chief European analyst at Nordea Markets in Copenhagen, said before the reports were released. “New projections could force him into changing his tone.”