Home > Tag Archives: Inflation

Tag Archives: Inflation

ECB dials back stimulus a notch but promises support

The ECB has said it considers a spike in inflation to be temporary The European Central Bank cut support for the euro zone economy by another notch today but promised some continued support for 2022. The ECB also confirmed its relaxed view on inflation and indicated that an exit from ultra-easy policy would be slow. With the euro zone’s economy ...

Read More »

Rising energy prices push inflation to 20-year high

Consumer prices on average were 5.3% higher in November compared with the same time last year, new CSO figures show The annual rate of inflation rose to 5.3% in November, its highest level since June 2001. The latest figures from the Central Statistics Office show the biggest increases were in the cost of transport, electricity and gas bills. This period ...

Read More »

Euro zone inflation at new high as Irish prices up 5.4%

Consumer price growth in the euro zone accelerated to 4.9% in November, new figures show Inflation in Ireland rose to 5.4% in November, according to the latest “flash” estimate from the EU’s statistical agency Eurostat. This compares to 5.1% recorded in October. A flash estimate is the estimated broad headline inflation figure. More detailed confirmed inflation figures will be published ...

Read More »

Euro zone inflation confirmed at 4.1% on energy spike

Euro zone inflation rose 0.8% month-on-month in October, for a 4.1% year-on-year surge Euro zone inflation surged to more than twice the European Central Bank’s target in October, the European Union’s statistics office Eurostat confirmed today. More than half of the jump was due to a spike in energy prices.Eurostat said inflation in the 19 countries sharing the euro rose ...

Read More »

Euro zone inflation hits 13-year high in October

Euro zone inflation rose to 4.1% in October, up from 3.4% a month earlier and ahead of a consensus forecast of 3.7% Euro zone inflation shot past expectations in October to hit a 13-year high, worsening a policy headache for the European Central Bank, which has consistently underestimated consumer price growth over the past year. Inflation in the 19 countries ...

Read More »

Lagarde suggests markets expecting rate hikes too soon

ECB President Christine Lagarde said the bank had talked about ‘inflation, inflation, inflation’ at today’s meeting The European Central Bank President has pushed back against market bets that runaway inflation would force a rate hike as early as next year, reaffirming the view that price pressures would ease by then. With central banks elsewhere indicating they are heading down a ...

Read More »

Euro zone inflation hits highest level in 13 years

Euro zone energy prices increased by 17.4% in September, new figures show Euro zone inflation hit a 13-year high last month and looks likely to jump higher still, further clouding the European Central Bank’s benign view of the biggest price spike since before the global financial crisis. Consumer price inflation in the 19 countries sharing the euro accelerated to 3.4% ...

Read More »

Fears of ‘excessive’ inflation overstated – Makhlouf

Central Bank Governor Gabriel Makhlouf said current price pressures reflect ‘transitory factors that will fade out over time’ Central Bank Governor Gabriel Makhlouf has said fears of “excessive” euro area inflation are “overstated”. The Governor made his remarks in a speech this lunchtime at the annual Dublin Economics Workshop, which is being held online this year. The Governor, who is ...

Read More »