Breaking: Falling Energy Prices Take Some Heat Out Of Eurozone Inflation

Luke Suddards

about 2 months ago1:24 min

Breaking: Falling Energy Prices Take Some Heat Out Of Eurozone Inflation

Inflation eased – somewhat at least – across the eurozone in November, with overall prices rising 10% on an annual basis, compared to the 10.6% rise seen in October. Falling energy prices were responsible for the bulk of the slowdown, but food price growth actually accelerated. The data, which tracks price increases across the 19-country eurozone, follows softer inflation results from the likes of Germany and Spain. Although it offers a glimmer of hope, it’s only one month of inflation data and not a trend, so it’s not likely to be enough to shift the stance of the European Central Bank (ECB), which has been raising interest rates in an attempt to cool inflation.

The consumer price index’s “core” inflation measure for the eurozone, the one that excludes the prices of more volatile items l

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