Tech & Science stronger decline than expected: inflation in Eurozone drops to 10 percent
Manufacturing slump stokes recession fears
Factories in Germany and France also slowed down, enduring their worst months since the first wave of the Covid-19 pandemic in early 2020. © Provided by This Is Money Slowdown: As fears over a global recession mounted, financial information group S&P Global said factory output in the UK fell for a third month in a row in September Chris Williamson, chief business economist at S&P Global, said: ‘The ugly combination of a manufacturing sector in recession and rising inflationary pressures will add further to concerns about the outlook for the eurozone economy.
The inflation in the EU countries has weakened somewhat. The energy prices are still increasing.
Inflation in the euro zone dropped from its record level in November. Consumer prices increased by 10 percent compared to the previous year, as the Eurostat statistics office announced on Wednesday. In October, inflation had reached the maximum of 10.6 percent. Experts had expected a decline, but only to 10.4 percent.
still increases the power prices, but not as strong as in the previous month. Compared to November 2021, they were still 34.9 percent higher. The prices of food and luxury food rose by 13.6 percent. The price lift increased here. The prices for other goods increased by 6.1 percent. Services were 4.2 percent more expensive than a year ago.
inflation in Eurozone climbs to record value
The inflation in the euro zone accelerated at a high level in September and reached a record value. Compared to the same month last year, consumer prices increased by 9.9 percent, , such as the Statistics Office Eurostat in Luxembourg, announced , according to a second estimate. A preliminary survey was thus revised by 0.1 percentage points down. © Patrick Pleul/DPA central picture/dpa The inflation in September was again due to the strong increase in energy prices, which increased by 40.7 perc
debate about the increase in guiding interest
The core control without energy and food was constant 5 percent. Economic economists pay particular attention to this size because it gives a hint of how strongly the companies circulate the cost increases, especially in the case of energy, to consumer prices. This can result in so -called second -round effects in the form of higher wage claims. Experts speak of a price-wage spiral.
The price goal of the European Central Bank of 2 percent in the medium term is clearly exceeded. However, there is a debate about whether the currency keepers could soon reduce their streams. The background is the weakening economy, which suffers from the consequences of the Ukraine War. It is currently not clear whether the ECB wants to raise the key interest rates again by 0.75 points or 0.5 points at its next meeting in mid -December. (dpa)
Fed lifts Leit zins again to .
The US Federal Reserve has raised its key interest rate by 0.5 percentage points in the fight against inflation. The Federal Reserve (FED) has thus initiated a somewhat more moderate course - but at the same time signaled further interest rate increases. © Pablo Martinez Monsivais/AP/dpa The headquarters of the US Federal Reserve (Fed) in Washington. of the key interest rate is now at a range of 4.25 to 4.50 percent.