The rise of consumer prices in the euro area accelerated to nearly six-year high
In October, the pace of the rise in consumer prices in the euro area accelerated close to the six-year high and exceeded the European Central Bank’s target of close to 2 percent.
According to preliminary data released by the European Union’s Statistical Office (Eurostat) on Wednesday, in line with analysts’ expectations, consumer prices rose by 2.2 percent in October in annual comparison. In September, consumer prices increased by 2.1 percent, so this inflation rate was around the ECB’s target figure for the fifth consecutive month. (MTI)
Related news
K&H: the inflation anomaly is clearly visible, but customers perceive it differently
Although inflation has slowed down a lot, according to the…
Read more >Shrink inflation is getting worse
Dishwashing detergent, sweets, sour cream, cottage cheese, kefir and camembert…
Read more >Related news
The latest issue of Trade magazin is out now!
The digital version is available with more content once again…
Read more >FAO: global food prices increased for the second month in April on a monthly basis
In April, global food prices rose for the second month…
Read more >Beauty care travels at breakneck speed
Beauty care is one of the fastest growing markets in…
Read more >