Eurozone inflation increased to 2.6% in May 2024, according to Eurostat’s announcement on Friday 31st May 2024. Analysts had anticipated a 0.1% rise from the 2.4% headline figure reported in April 2024. Core inflation, which omits the unstable effects of energy, food, alcohol, and tobacco, rose to 2.9% from April’sRead More →
Eurozone inflation eased to 2.4% in March 2024, as indicated by preliminary figures released on Wednesday 3rd April 2024. This decrease has increased expectations that interest rate cuts may start in the summer 2024. Market analysts anticipate that the central bank will commence reductions in interest rates starting in JuneRead More →
According to the latest data from Eurostat, the statistical office of the European Union, the euro area annual inflation was 2.9% in October 2023, down from 4.3% in September 2023. The main factor behind the decline in inflation was a sharp drop in energy prices, which fell by some 15%Read More →
Eurozone interest rates have been hiked again to a record high by the European Central Bank (ECB). The bank raised its key rate for the 10th time in a row, to 4% from 3.75%, as it warned inflation was expected to remain too high for too long. The latest increaseRead More →