Euro zone inflation inched up to a new record high of 7.5% in April and energy costs were the biggest contributor to the latest increase
Inflation in the 19-country currency bloc rose to 7.5% in April from 7.4% in March, in line with expectations, driven by a persistent surge in energy and food prices, data from European Union statistics agency Eurostat showed on Friday.
Inflation excluding food and fuel prices, closely watched by the ECB, rose to 3.9% from 3.2% while a narrower measure that also excludes alcohol and tobacco products, jumped to 3.5% from 2.9%. Both figures were well above expectations. Struggling to curb price growth, the ECB is all but certain to cut support for the economy further when policymakers meet on June 9, even if the war weighs on confidence and risks pushing growth into negative territory this quarter.
Policymakers' big concern is that longer-term inflation expectations are rising well above their 2% target, indicating waning confidence in the ECB's ability to control prices and ultimately deliver on its mandate.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
BTC, ETH and XRP Price Analysis for April 29Can ETH or XRP rise against the fall of BTC? XrpYoyo ANT159694954 nuonrg WillyWonkaXRP RippleXrpie crypto Ethereum ETH $ETH cryptoexchange VitalikButerin ethereum
Leer más »
USD/CHF: Scope to test the April 2021 high at 0.9800/03 – Credit SuisseUSD/CHF has broken above the resistance level at 0.9672 with ease. Analysts at Credit Suisse maintain a tactically bullish outlook for the pair and se
Leer más »
Things to do in the San Fernando Valley, LA area, April 28-May 5There’s always something different or new to do in the San Fernando Valley and Los Angeles area.
Leer más »
Today in history: April 28In 1990, the musical “A Chorus Line” closed after 6,137 performances on Broadway.
Leer más »
Letters to the Editor: April 28Huckelberry’s resignation
Leer más »
Celebrity birthdays: April 28Here are some of the notable people celebrating birthdays today including Ann-Margret, James A. Baker III, Paul Guilfoyle, Jay Leno, Chuck Leavell, Elena Kagan, Bridget Moynahan, Big Gipp, Elisabeth Rohm and Penelope Cruz.
Leer más »