Inflation in Europe drops for the first time in 17 months
2 years ago

Inflation in Europe drops for the first time in 17 months

CNN  

London CNN Business — For the first time in 17 months, inflation in Europe is easing. In Germany, the bloc’s biggest economy, annual inflation slid to 11.3% from 11.6%, while price gains in France held steady at 7.1%, Wednesday’s data showed. While energy price inflation fell to roughly 35% year-over-year, compared to nearly 42% in October, prices for food, alcohol and tobacco continued to rise sharply. But the eurozone data supports hopes that inflation in many top economies may have peaked, allowing central banks to dial back aggressive interest rate hikes that are piling pressure on the global economy. Still, the November numbers could give the European Central Bank space to boost rates by half a percentage point instead of by three-quarters of a percentage point when it meets next month.

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History of this topic

U.K. Inflation rises further above Bank of England's target in November
6 days, 18 hours ago

U.K. Inflation rises further above Bank of England's target in November

The Hindu  

Inflation in the U.K. has risen to its highest level since March, driven by an increase in fuel prices last month, official figures showed on Wednesday. Rate-setters had anticipated a pick-up in inflation when the central bank last cut rates in early November as price pressures eased earlier in the year — in September, inflation had fallen to its lowest …

UK inflation increase solidifies expectations interest rates will be kept on hold
6 days, 19 hours ago

UK inflation increase solidifies expectations interest rates will be kept on hold

Associated Press  

LONDON — Inflation in the U.K. rose to its highest level in eight months during November, official figures showed Wednesday, a development that has cemented market expectations that the Bank of England will opt against cutting borrowing costs this week. It said stubbornly high inflation in the crucial services sector, which accounts for around 80% of the U.K. economy, and …

US inflation rose for second straight month: What are the challenges for Trump now?
1 week, 6 days ago

US inflation rose for second straight month: What are the challenges for Trump now?

Firstpost  

President-elect Donald Trump has made tackling inflation and reducing the cost of living a cornerstone of his campaign. However, the recent uptick in inflation suggests the road ahead may be more complex than anticipated Inflation in the United States ticked up for the second consecutive month in November. The consumer price index, a key measure of inflation, rose to 2.7 …

Energy costs push UK inflation to 2.3 percent
1 month ago

Energy costs push UK inflation to 2.3 percent

China Daily  

Inflation in the United Kingdom increased to 2.3 percent in October, putting pressure on the Bank of England to wait until next year before making additional interest rate cuts. Figures released by the Office for National Statistics, or ONS, on Wednesday showed that surging household energy costs pushed the consumer price index higher, breaking the pattern of declining inflation rates …

Interest rate cut ‘nailed on’ after UK inflation falls to three-year low
2 months, 1 week ago

Interest rate cut ‘nailed on’ after UK inflation falls to three-year low

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy A fall in UK inflation …

Why has inflation slowed and what does it mean for households?
2 months, 1 week ago

Why has inflation slowed and what does it mean for households?

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. It was the lowest reading since April 2021 and …

Inflation steady – but chances of another rate cut are slim
3 months ago

Inflation steady – but chances of another rate cut are slim

The Independent  

Let’s start with the good news: August’s inflation number came in unchanged at 2.2 per cent. While that is higher than the Bank of England’s 2 per cent target, it is in line with City forecasts and beneath the 2.4 per cent the Bank itself had predicted at this stage. One thing to watch is the cost of services – …

Why the rise in inflation might actually be... good news
4 months, 1 week ago

Why the rise in inflation might actually be... good news

The Independent  

Inflation is up… and that’s, erm, good news. A small cut in the Bank rate from the current 5 per cent to, say, 4.75 per cent in September, October or November is slightly more likely now than it seemed yesterday. Prices overall on this definition rose by 3.3 per cent in the year to July 2024 – down from 3.5 …

Inflation ticks up in Europe, complicating the European Central Bank’s next move
4 months, 3 weeks ago

Inflation ticks up in Europe, complicating the European Central Bank’s next move

Associated Press  

FRANKFURT, Germany — Inflation in the 20 countries that use the euro ticked up to 2.6% in July, stubbornly above the European Central Bank’s target and complicating the ECB’s next decision on whether to cut interest rates and boost growth as the economy struggles to stage a convincing recovery after a long stretch of stagnation. Services inflation, a figure closely …

Inflation ticks up in Europe, complicating the European Central Bank's next move
4 months, 3 weeks ago

Inflation ticks up in Europe, complicating the European Central Bank's next move

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Inflation in the 20 countries …

UK inflation stays at 2% despite surge in hotel prices
5 months, 1 week ago

UK inflation stays at 2% despite surge in hotel prices

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Inflation in the UK held …

UK inflation stays at 2% target in June, leaving rate cut on a 'knife edge'
5 months, 1 week ago

UK inflation stays at 2% target in June, leaving rate cut on a 'knife edge'

Hindustan Times  

Inflation in the U.K. held steady at the Bank of England's target rate of 2% in the year to June, official figures showed Wednesday, in a development that could be enough for policymakers to cut borrowing costs next month. Grocery price inflation fell to its lowest level since September 2021 in a further sign of easing cost pressures, ahead of …

Inflation is down in Europe. But the European Central Bank is in no hurry to make more rate cuts
5 months, 3 weeks ago

Inflation is down in Europe. But the European Central Bank is in no hurry to make more rate cuts

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Inflation in the 20-nation eurozone …

UK inflation rate back down to 2%
6 months ago

UK inflation rate back down to 2%

China Daily  

FILE PHOTO: A tourist shelters from the rain under an Union Jack umbrella near the Bank of England in the City of London financial district in London, Britain, February 13, 2024. The United Kingdom's ruling Conservative Party got some rare good news on Wednesday, when the country's inflation rate eased back down to the Bank of England's 2 percent target …

Inflation ticked up in Europe in May. That likely won’t stop a central bank rate cut next week
6 months, 3 weeks ago

Inflation ticked up in Europe in May. That likely won’t stop a central bank rate cut next week

Associated Press  

FRANKFURT, Germany — Inflation ticked up to an annual 2.6% in Europe in May, according to official figures on Friday. It’s unlikely to stop the European Central Bank from making a first interest rate cut next week — and moving ahead of the U.S. Federal Reserve in lowering borrowing costs for businesses and consumers. Still, the higher inflation number makes …

Inflation is down – but good news for homeowners will have to wait
7 months ago

Inflation is down – but good news for homeowners will have to wait

The Independent  

Across the economy, price rises slowed significantly in April with the rate of inflation declining to 2.3 per cent from 3.2 per cent. Grant Fitzner, chief economist at the Office for National Statistics, also highlighted tobacco and food price inflation which fell to 2.9 per cent. Service prices have been worrying the Bank’s rate-setting Monetary Policy Committee which voted 7-2 …

UK inflation lowest in 3 years. Prime Minister Sunak makes it a focus in election call for July 4
7 months ago

UK inflation lowest in 3 years. Prime Minister Sunak makes it a focus in election call for July 4

Associated Press  

LONDON — Inflation in the U.K. fell sharply to its lowest level in nearly three years in April on the back of big declines in domestic bills, official figures showed Wednesday. “While it’s clearly good news headline inflation is back to normal levels, it is disappointing that price pressures haven’t fallen further and that measures of services inflation are proving …

Europe’s economy shows signs of life with 0.3% growth in 1st quarter as inflation, energy woes ease
7 months, 3 weeks ago

Europe’s economy shows signs of life with 0.3% growth in 1st quarter as inflation, energy woes ease

Associated Press  

FRANKFURT, Germany — Europe’s economy perked up slightly at the start of the year, recording 0.3% growth in the January-March quarter compared to the last three months of 2023 as the inflation burden on consumers eased and the stagnating German economy, the continent’s biggest, started to show modest signs of life. The 20-country eurozone recorded its strongest performance since the …

UK inflation falls to lowest level since late 2021 as food prices ease further
8 months, 1 week ago

UK inflation falls to lowest level since late 2021 as food prices ease further

Associated Press  

LONDON — Inflation in the U.K. fell to its lowest level in two and a half years in March after a further easing in food prices, official figures showed Wednesday, a development which could further pave the way for a welcome cut in interest rates soon. Inflation is set to fall further in April, possibly to below 2%, as a …

Inflation has slid again in Europe. Here’s what that means for interest rates
8 months, 3 weeks ago

Inflation has slid again in Europe. Here’s what that means for interest rates

Associated Press  

FRANKFURT, Germany — The inflation that has squeezed European shoppers fell more than expected in March to 2.4%, as cost spikes in the grocery aisle eased and overall price rises headed down in the two biggest economies, Germany and France. But analysts say the decline from 2.6% in February, though welcome, would likely not be enough to move up the …

European inflation eases to 2.6% as energy prices fall and food inflation slows
9 months, 3 weeks ago

European inflation eases to 2.6% as energy prices fall and food inflation slows

Associated Press  

FRANKFURT, Germany — The inflation that has ravaged the European economy eased again in February, falling to 2.6% as high interest rates, moderating oil and gas prices, and sluggish growth held back price increases in stores. The figure, closely watched by the European Central Bank as a measure of underlying inflation pressure in the economy, came in at 3.1%, down …

Inflation in Europe edges down again. But will Houthi attacks on ships spoil the relief?
10 months, 3 weeks ago

Inflation in Europe edges down again. But will Houthi attacks on ships spoil the relief?

Associated Press  

FRANKFURT, Germany — Inflation in Europe edged lower in January to 2.8%, keeping alive speculation about quicker interest rate cuts that would lower borrowing costs for businesses and consumers — and help boost the stagnating economy. “This uncertainty could ultimately prompt central banks to delay rate cuts to give themselves more information on the inflationary impact.” Economic models suggested the …

Europe’s economic pain drags on with zero growth at the end of last year
10 months, 3 weeks ago

Europe’s economic pain drags on with zero growth at the end of last year

Associated Press  

FRANKFURT, Germany — Europe’s economy failed to expand at the end of 2023, dragging out the stagnation for more than a year amid higher energy prices, costlier credit and a downturn in former powerhouse Germany. “The big picture is that eurozone GDP has been flat since the third quarter of 2022 when gas prices surged and the ECB started raising …

Federal Reserve’s favored inflation gauge tumbles in November as prices continue to ease
1 year ago

Federal Reserve’s favored inflation gauge tumbles in November as prices continue to ease

LA Times  

The Federal Reserve’s favored inflation gauge shows somewhat more progress against inflation in November than economists had expected. The Federal Reserve’s preferred measure of prices fell last month, another sign that inflation is easing and that Americans should benefit from lower costs and reduced interest rates in 2024. Friday’s report from the Commerce Department showed that U.S. consumer prices slid …

UK inflation falls by more than anticipated to 2-year low of 3.9% in November
1 year ago

UK inflation falls by more than anticipated to 2-year low of 3.9% in November

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Inflation in the U.K. as …

Wholesale inflation in US slowed further last month, signaling that price pressures continue to ease
1 year ago

Wholesale inflation in US slowed further last month, signaling that price pressures continue to ease

Associated Press  

Wholesale inflation in the United States was unchanged in November, suggesting that price increases in the economy’s pipeline are continuing to gradually ease. The Labor Department reported Wednesday that its producer price index — which tracks inflation before it reaches consumers — was flat from October to November after having fallen 0.4% the month before. Excluding volatile food and energy …

Inflation in Europe falls to 2.4% as interest rates pack a punch. But the economy has stalled
1 year ago

Inflation in Europe falls to 2.4% as interest rates pack a punch. But the economy has stalled

Associated Press  

LONDON — Europeans again saw some relief as inflation dropped more than expected to 2.4% in November, the lowest in over two years, as plummeting energy costs have eased a cost-of-living crisis but higher interest rates squeeze the economy’s ability to grow. The new figure is close to the European Central Bank’s inflation target of 2% following a rapid series …

Retail inflation further eases to four-month low of 4.87%
1 year, 1 month ago

Retail inflation further eases to four-month low of 4.87%

India Today  

Retail inflation declined to a four-month low of 4.87 per cent in October due to further drop in food prices, showed government data released on Thursday. This marks the second consecutive month when the consumer price index or CPI-based inflation has remained within the Reserve Bank of India’s comfort zone of below 6 per cent. The inflation based on the …

Europe’s inflation eased to 2.9% in October thanks to lower fuel prices. But growth has vanished
1 year, 1 month ago

Europe’s inflation eased to 2.9% in October thanks to lower fuel prices. But growth has vanished

Associated Press  

FRANKFURT, Germany — The inflation that has been wearing on European consumers fell sharply to 2.9% in October, its lowest in more than two years as fuel prices fell and rapid interest rate hikes from the European Central Bank took hold. The lower inflation figure follows a rapid series of interest rate hikes by the European Central Bank. The future …

Euro zone inflation falls to lowest in 2 years as economy slows
1 year, 2 months ago

Euro zone inflation falls to lowest in 2 years as economy slows

The Hindu  

Inflation in the euro zone fell to its lowest level in two years in September, suggesting the European Central Bank's steady diet of interest rate hikes was succeeding in curbing runaway prices albeit at a growing cost for economic growth. Consumer prices in the 20 countries that share the euro rose by 4.3% in September, the slowest pace since October …

Inflation drops to a two-year low in Europe. It offers hope, but higher oil prices loom
1 year, 2 months ago

Inflation drops to a two-year low in Europe. It offers hope, but higher oil prices loom

Associated Press  

FRANKFURT, Germany — Inflation that has plagued Europeans declined sharply in September to the lowest level in two years, strengthening hopes that consumers will get relief from costlier groceries, vacations and haircuts — and that the European Central Bank won’t have to further restrict the economy by raising interest rates from already-record highs. But recently higher oil prices are casting …

Europe’s economic outlook worsens as high prices plague consumer spending
1 year, 3 months ago

Europe’s economic outlook worsens as high prices plague consumer spending

Associated Press  

FRANKFURT, Germany — The European Union has lowered its forecast for economic growth this year and next, saying inflation is taking a heavy toll on people’s willingness to spend in shops — while higher interest rates are sharply restricting the credit needed for investment and purchases. EU Economy Commissioner Paolo Gentiloni said at a news conference that “further weakening in …

Europe’s inflation held steady in August as European Central Bank keeps an open mind on rates
1 year, 3 months ago

Europe’s inflation held steady in August as European Central Bank keeps an open mind on rates

Associated Press  

FRANKFURT, Germany — Annual inflation held steady in Europe in August as food prices raced ahead of falling fuel costs, but there was no clarity about whether the European Central Bank will pause its record series of interest rate hikes. European Central Bank President Christine Lagarde has said that the interest rate decision at the Sept. 14 policy meeting will …

Inflation falls to 3% in August but "shrinkflation" seen in food
1 year, 3 months ago

Inflation falls to 3% in August but "shrinkflation" seen in food

Dutch News  

Inflation has fallen to 3% in August thanks largely to a dramatic drop in fuel prices, reports the CBS Dutch statistics office. Since June, the CBS has used a new method to work out inflation – although it is plotting the figures from the different calculation on the same chart. The new method was intended to more accurately reflect the …

Inflation falls to 3% in August but "shrinkflation" seen in food
1 year, 3 months ago

Inflation falls to 3% in August but "shrinkflation" seen in food

Dutch News  

Inflation has fallen to 3% in August thanks largely to a dramatic drop in fuel prices, reports the CBS Dutch statistics office. Since June, the CBS has used a new method to work out inflation – although it is plotting the figures from the different calculation on the same chart. The new method was intended to more accurately reflect the …

UK inflation falls to 17-month low of 6.8% but unlikely to derail another interest rate rise
1 year, 4 months ago

UK inflation falls to 17-month low of 6.8% but unlikely to derail another interest rate rise

Associated Press  

LONDON — The rate of inflation in the U.K. fell sharply in July to a 17-month low largely on the back of lower energy prices, official figures showed Wednesday, a welcome development for hard-pressed households struggling during the cost of living crisis. The Office for National Statistics said the annual rate of inflation, as measured by the consumer price index, …

Europe’s economy grows a bit after months of stagnation. But rate hikes are weighing on businesses
1 year, 4 months ago

Europe’s economy grows a bit after months of stagnation. But rate hikes are weighing on businesses

Associated Press  

FRANKFURT, Germany — Europe’s economy has grown modestly after months of stagnation, but higher interest rates designed to fight inflation are casting a shadow as they make it more expensive for households and businesses to borrow, invest and spend. Europe’s largest economy, Germany, struggled in the second quarter, recording zero growth after two straight quarters of falling output as it …

European Central Bank raises interest rates to 22-year high
1 year, 4 months ago

European Central Bank raises interest rates to 22-year high

The Telegraph  

Eurozone interest rates have climbed to the highest level for 22 years as the European Central Bank indicated it is preparing to take borrowing rates to a record high in the coming months. The European Central Bank took its headline deposit rate to 3.75pc, matching the record high last seen in 2001, as President Christine Lagarde said she was willing …

UK Inflation dips below expectations, reaches 15-month low of 7.9%
1 year, 5 months ago

UK Inflation dips below expectations, reaches 15-month low of 7.9%

Live Mint  

In a big relief to struggling households, inflation in the UK has sharply fallen below expected levels to 7.9%, official figures revealed on Wednesday. According to the National Statistics, the inflation rate, as measured by the consumer prices index, tumbled to 7.9% in the year to June from 8.7% the previous month. Even though the drop in inflation is more …

Europe inflation slips to 5.5% — but that won't stop central bank rate hikes
1 year, 5 months ago

Europe inflation slips to 5.5% — but that won't stop central bank rate hikes

The Hindu  

Inflation in Europe slid again in June but fell too slowly to offer much relief to shoppers grumbling over price tags or to stop more interest rate hikes that will raise the cost of borrowing across the economy. While that is a big drop from the peak of 10.6% in October, persistently high prices in the U.S., Europe and the …

Europe inflation slips to 5.5% — but that won’t stop central bank rate hikes
1 year, 5 months ago

Europe inflation slips to 5.5% — but that won’t stop central bank rate hikes

Associated Press  

FRANKFURT, Germany — Inflation in Europe slid again in June but fell too slowly to offer much relief to shoppers grumbling over price tags or to stop more interest rate hikes that will raise the cost of borrowing across the economy. While that is a big drop from the peak of 10.6% in October, persistently high prices in the U.S., …

Europe’s interest rates to stay high as long as needed to defeat inflation, central bank chief says
1 year, 5 months ago

Europe’s interest rates to stay high as long as needed to defeat inflation, central bank chief says

Associated Press  

FRANKFURT, Germany — European Central Bank President Christine Lagarde warned Tuesday that inflation is holding its grip on the economy and underlined that the bank intends to raise rates high enough to “break this persistence.” Lagarde acknowledged that inflation has fallen from all-time highs last year as energy prices plunged and the bank rolled out a rapid series of rate …

UK inflation steady at 8.7% against predictions for modest fall
1 year, 6 months ago

UK inflation steady at 8.7% against predictions for modest fall

Hindustan Times  

Consumer price inflation across the UK was unchanged at 8.7 per cent in the year to May against expectations for a modest decline, official figures showed on Wednesday, a development that is set to see the Bank of England raise the cost of borrowing again. Financial markets think news of the unchanged rate will mean the Bank of England will …

CPI report: US inflation is coming back down to Earth
1 year, 6 months ago

CPI report: US inflation is coming back down to Earth

CNN  

Minneapolis CNN — US inflation is leaving those sky-high days behind: Consumer prices in May rose at the slowest annual pace since March 2021, according to data released Tuesday by the Bureau of Labor Statistics. “They’ve raised rates for 10 consecutive meetings in a row and the increase is the most and fastest pace in decades, so they want to …

European Central Bank chief signals more rate hikes ahead with inflation still ‘strong’
1 year, 6 months ago

European Central Bank chief signals more rate hikes ahead with inflation still ‘strong’

Associated Press  

FRANKFURT, Germany — European Central Bank head Christine Lagarde said Monday that price pressures are “strong” and made clear that the bank will raise interest rates high enough to bring down inflation and keep them there “for as long as necessary.” Lagarde’s remarks reinforced her earlier statements indicating the ECB was not done raising rates even after inflation fell by …

Europe sees inflation drop to 6.1%, but real relief for consumers will take months
1 year, 6 months ago

Europe sees inflation drop to 6.1%, but real relief for consumers will take months

Associated Press  

FRANKFURT, Germany — Europe’s inflation took a positive turn with a significant drop to 6.1%, but prices are still posing a pinch to shoppers who are yet to see real relief in what they pay for food and other necessities. “Otherwise, you sometimes make impulse purchases.” The food bank at Berlin’s St. Wilhelm Roman Catholic Church, meanwhile, has gone from …

Inflation in Europe drops to lowest level since Russia invaded Ukraine
1 year, 6 months ago

Inflation in Europe drops to lowest level since Russia invaded Ukraine

CNN  

London CNN — Inflation in Europe has fallen to its slowest pace since Russia invaded Ukraine, bolstering the case for the region’s central bank to bring interest rate hikes to an end soon. That’s the lowest rate of inflation since February 2022, when Moscow launched a full-scale invasion of its neighbor, sending global energy prices soaring. That could give the …

German inflation slows to 6.1% in May, though food prices are still surging
1 year, 6 months ago

German inflation slows to 6.1% in May, though food prices are still surging

Associated Press  

BERLIN — German inflation eased to 6.1% in May following several months of declines, even as Europe’s biggest economy registered another painful increase in food prices of nearly 15%. Increases in energy prices, which drove inflation immediately after Russia’s invasion of Ukraine last year, were much lower in May at 2.6% — in part because of the sharp rises a …

Explained: Why food prices in Europe continue to remain high
1 year, 6 months ago

Explained: Why food prices in Europe continue to remain high

Firstpost  

It is the most basic of staple food items: sliced white bread. In Britain, the average price of a loaf was 28 per cent higher in April, at £1.39, or $1.72, than it was a year earlier In Italy, the price of spaghetti and other pasta, a fixture of the Italian diet, has risen nearly 17 per cent from the …

Germany sinks into recession – as UK avoids one
1 year, 7 months ago

Germany sinks into recession – as UK avoids one

The Telegraph  

Soaring energy prices have pushed Germany into recession while Britain has escaped one, upending the forecasts made by economists at the start of the year. Europe’s biggest economy shrank 0.3pc in the first three months of 2023, revised figures showed, following a contraction of 0.5pc at the end of last year. In the last year, food prices in Germany rose …

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