Business Maverick: Euro-Zone Inflation Finally Slows in Sign of Hope for ECB

The reading for November was 10%, Eurostat said Wednesday, less than the 10.4% median estimate of economists surveyed by Bloomberg. The drop, from 10.6% in October, was the biggest since 2020 and was thanks to slower advances in energy and services costs, even as food prices grew more quickly.

While only a single month of data, the flickering prospect of weakening price pressures will bring relief to the ECB after the frustration of half a year of figures repeatedly exceeding economist forecasts. It coincides with US statistics from October that went in the same direction, emboldening some Federal Reserve officials to consider a downshift in the pace of rate hikes.

The numbers follow a string of weaker consumer-price readings from around the euro region this week. Inflation moderated in Germany, Italy, Spain and the Netherlands. In France, it unexpectedly held steady. Price growth only accelerated in three euro-area nations.

Österreich Neuesten Nachrichten, Österreich Schlagzeilen

Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.

Business Maverick: Lagarde Says Would Be ‘Surprised’ If Euro-Zone Inflation Has PeakedEuropean Central Bank President Christine Lagarde said she’d be surprised if euro-zone inflation had peaked, suggesting the recent ramp-up in interest rates isn’t close to being over.
Herkunft: dailymaverick - 🏆 3. / 84 Weiterlesen »