Euro Area Inflation Unexpectedly Hits Record To Test Ec The euro strengthened. consumer prices jumped 5% from a year earlier in december faster than the previous month’s 4.9% gain and more than the 4.8% median estimate in a bloomberg survey of. Inflation in the euro region accelerated beyond already record levels, defying expectations for a slowdown and complicating the task for european central bank officials who insist the current spike is temporary.
Euro Area Inflation Unexpectedly Hits Record High One Day Ahead Markets. economics. euro zone inflation unexpectedly hits record, boosting rate bets. consumer prices jumped 5.1% in january; analysts saw 4.4%. energy remains the main driver as ecb officials. Bloomberg connecting decision makers to a dynamic network of information, people and ideas, bloomberg quickly and accurately delivers business and financial information, news and insight around the world. Money markets now see the ecb lifting rates by 10 basis points by july, rather than by september. the euro extended its advance, climbing 0.4% against the dollar to $1.1315. while slowing in germany and france, the euro zone’s two biggest economies, the spike in energy costs pulled price growth higher across the 19 member currency bloc as a. Underlying inflation in the euro area hit a record in march, handing ammunition to european central bankofficials who say interest rate increases aren’t over yet. the rise to 5.7% in the core.
Comments are closed.