Tuesday, March 28, 2023
[email protected]
 Fintech Zoom
  • MARKETS
    • Trading
    • Stock Futures
    • Exchange Traded Fund (ETF)
    • Best Stocks To Buy Now
    • Penny Stocks
    • Forex Market
    • Bonds & Rates
    • Stock Market Guides
    • Commodities
      • Brent Crude Oil Price
      • WTI Crude Oil Price
    • Breaking Stock Market News
    • Reviews in Stock Market
    • Asian Markets
    • European Markets
    • US Markets
  • WORLD INDICES
    • DAX PERFORMANCE-INDEX
    • Russel 2000 (RUT)
    • STOXX Europe 600 (SXXP)
    • Euro Stoxx 50
    • CAC 40 Index (FCHI)
    • FTSE 100 Index
    • Nikkei 225 Index
    • HSI – Hang Seng Index
    • NSE Nifty 50 Index
    • NASDAQ Composite Index
    • Dow Jones (INDEXDJX: .DJI)
    • S&P 500 Index
    • ASX – Australian
    • Shanghai Index (SSE)
  • BUSINESS
  • CRYPTO
    • Metaverse
    • Tokens
    • Crypto Reviews
    • NFT : Non-Fungible Tokens
    • Stablecoins
    • Blockchain
    • Ethereum
    • Buy Bitcoin
    • Best Crypto
    • Bitcoin
    • Altcoins
  • MONEY
    • Insurance
    • Taxes
    • Mortgages
    • Loans
    • Personal Finances
    • Credit Cards
    • Interest Rates
  • BANKING
    • Banks Near Me
    • Payments
    • ATM Near me
    • Best Banks
    • Banks Guides
    • Transfer Money Online
    • Mobile Banking
    • Digital Bank
  • TECH
    • Social Media
    • Login
    • Error Pages
    • Is It Down?
    • Download
    • Settings
  • LUXURY
    • Luxury Food & Drink
    • Luxury Cars
    • Luxury Style
    • Luxury Motors
    • Luxury Travel
    • Luxury Tech
  • LIFESTYLE
    • Travel
    • Real Estate
    • Entertainment
    • Health
    • Cars
    • Famous People
    • Near Me
    • Life
    • Weather Tomorrow
  • ABOUT US
    • Why Fintech Zoom?
    • What is FintechZoom?
    • Advertise with Us
    • Careers in FintechZoom
    • Fintech Zoom Logo
    • FintechZoom PRO
No Result
View All Result
  • MARKETS
    • Trading
    • Stock Futures
    • Exchange Traded Fund (ETF)
    • Best Stocks To Buy Now
    • Penny Stocks
    • Forex Market
    • Bonds & Rates
    • Stock Market Guides
    • Commodities
      • Brent Crude Oil Price
      • WTI Crude Oil Price
    • Breaking Stock Market News
    • Reviews in Stock Market
    • Asian Markets
    • European Markets
    • US Markets
  • WORLD INDICES
    • DAX PERFORMANCE-INDEX
    • Russel 2000 (RUT)
    • STOXX Europe 600 (SXXP)
    • Euro Stoxx 50
    • CAC 40 Index (FCHI)
    • FTSE 100 Index
    • Nikkei 225 Index
    • HSI – Hang Seng Index
    • NSE Nifty 50 Index
    • NASDAQ Composite Index
    • Dow Jones (INDEXDJX: .DJI)
    • S&P 500 Index
    • ASX – Australian
    • Shanghai Index (SSE)
  • BUSINESS
  • CRYPTO
    • Metaverse
    • Tokens
    • Crypto Reviews
    • NFT : Non-Fungible Tokens
    • Stablecoins
    • Blockchain
    • Ethereum
    • Buy Bitcoin
    • Best Crypto
    • Bitcoin
    • Altcoins
  • MONEY
    • Insurance
    • Taxes
    • Mortgages
    • Loans
    • Personal Finances
    • Credit Cards
    • Interest Rates
  • BANKING
    • Banks Near Me
    • Payments
    • ATM Near me
    • Best Banks
    • Banks Guides
    • Transfer Money Online
    • Mobile Banking
    • Digital Bank
  • TECH
    • Social Media
    • Login
    • Error Pages
    • Is It Down?
    • Download
    • Settings
  • LUXURY
    • Luxury Food & Drink
    • Luxury Cars
    • Luxury Style
    • Luxury Motors
    • Luxury Travel
    • Luxury Tech
  • LIFESTYLE
    • Travel
    • Real Estate
    • Entertainment
    • Health
    • Cars
    • Famous People
    • Near Me
    • Life
    • Weather Tomorrow
  • ABOUT US
    • Why Fintech Zoom?
    • What is FintechZoom?
    • Advertise with Us
    • Careers in FintechZoom
    • Fintech Zoom Logo
    • FintechZoom PRO
No Result
View All Result
FintechZoom
No Result
View All Result

Euro zone inflation hits yet an additional record high as food as well as energy prices rise

Mia Turner by Mia Turner
May 31, 2022
in Commodities Prices
0

Home » Euro zone inflation hits yet an additional record high as food as well as energy prices rise

Prices in the euro zone continued their march greater in May, striking a record high for the 7th month straight.

Inflation was available in at 8.1% for the month, according to initial figures from Europe’s data workplace Tuesday, up from April’s record high of 7.4% and higher than assumptions of 7.8%.

It follows inflation prints from a number of significant European economic climates stunned to the benefit in current days. German inflation (harmonized to be similar with various other EU nations) was available in at a yearly 8.7% in May, preliminary numbers showed on Monday– dramatically outstripping expert expectations of 8% as well as noting a sharp slope from the 7.8% seen in April.

French inflation additionally surpassed expectations in May to a notch record 5.8%, up from 5.4% in April, while balanced Spanish consumer prices leapt by a yearly 8.5% in May, exceeding assumptions of 8.1%.

RelatedPosts on FintechZoom

Brent crude rises above $84 on expectations of higher demand on China

Oil prices fell today: WTI -2.27% and Brent -1.90%

Crude Oil WTI -0.89%, Brent Crude Oil -0.91 % and Natural Gas + 3.69%

Commodity Prices Today Drop: Brent -0.13%, WTI -0.12% and Natural Gas -1.69%

Stocks and Commodities both coming under pressure, Ethereum rose more than 2%

The energy crisis has hit the EU hard: $140 billion to Help

Throughout the euro zone, the record annual consumer price boost was driven by skyrocketing energy expenses, which hit 39.2% (up from 37.5% in April) as well as a 7.5% rise in food, alcohol and tobacco costs (up from 6.3%).

Nonetheless, also without energy and food prices, inflation raised from 3.5% to 3.8%, Eurostat included.

Read also this FintechZoom article: Exploring the Impact of Food Inflation: What You Need to Know.

Increasing costs have been intensified over recent months by the battle in Ukraine, specifically food and also energy costs, as exports are blocked and nations throughout the West scramble to minimize their dependence on Russian gas.

EU leaders agreed late Monday to ban 90% of Russian petroleum by the end of the year, sending costs higher. Charles Michel, president of the European Council, said the step would immediately strike 75% of Russian oil imports.

Inflation– which stays persistently high not simply in Europe, however also in the U.K., united state as well as past– is triggering a frustrations for central banks, which are additionally stabilizing the danger of economic downturn.

Previously this month, European Central Bank Head of state Christine Lagarde said she was preparing for a price increase at the central bank’s meeting in July.

” Based upon the existing outlook, we are likely to be in a position to leave negative interest rates by the end of the 3rd quarter,” she wrote in an article. “If the euro area economic climate were overheating as a result of a favorable need shock, it would certainly make sense for plan rates to be elevated sequentially over the neutral rate.”

The ECB’s governing council is due to satisfy on June 9, and afterwards on July 21.

Goldman Sachs Principal European Economist Jari Stehn informed CNBC on Tuesday that the Wall Street bank expects 25 basis point walks to the ECB’s down payment rate at each of its upcoming conferences over the next year, taking the rate from -0.5% currently to 1.5% in June 2023. Goldman expects euro area headline inflation to come to a head at 9% in September.

” However bear in mind that a great deal of this is driven by energy costs, a great deal of it is driven by points related to global bottlenecks, and also the core inflation numbers, if you strip out food and energy costs, are going for regarding 3.5%. Wage growth is running a little bit above 2%,” Stehn stated prior to Tuesday’s information release.

” So the underlying inflation stress in the euro area have definitely firmed, which is why we do believe they will certainly normalize rather quickly, however they are not performing at the same type of levels that we are seeing in the U.S. as well as the U.K., where core inflation is going for concerning 6% and also where the central banks– or the Fed in particular– requires to take a much more decisive strategy to tightening policy than the ECB.”.

Mia Turner

Mia Turner

+10 years of experience in analyzing and covering the currencies markets with vast experience in fundamental, political and technical analysis, educational content, and copywriting. Contact: [email protected]

Related Posts

Offshore Oil | FintechZoom

Brent crude rises above $84 on expectations of higher demand on China

March 1, 2023
Off-Shore Oil | FintechZoom

Oil prices fell today: WTI -2.27% and Brent -1.90%

February 22, 2023

Crude Oil WTI -0.89%, Brent Crude Oil -0.91 % and Natural Gas + 3.69%

January 16, 2023

Commodity Prices Today Drop: Brent -0.13%, WTI -0.12% and Natural Gas -1.69%

October 19, 2022

Stocks and Commodities both coming under pressure, Ethereum rose more than 2%

September 14, 2022

The energy crisis has hit the EU hard: $140 billion to Help

September 14, 2022

Gas supply rationing would lift problem loans from benign levels – Moody’s Report

August 17, 2022

Golden Pass LNG selects ION Commodities to meet its physical and financial natural gas and LNG portfolio needs

July 21, 2022

Oil on $100 as World oil demand growth was forecasted to slow to 1.9 mb/d in 2Q22

July 6, 2022
Next Post
Golden Bitcoin over black laptop

How can I find legit crypto casinos?

Man protecting critical systems and sensitive information from digital attacks

What do you need to keep your business safe from cybercriminals?

Trading on mobile and laptop

Stock futures were higher early Wednesday early morning as Wall Street turned the page to another month.

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

  • About Us
  • Advertise
  • Careers
  • Terms and Conditions
Call us: + 1 917 9939840

© 2016-2023 FINTECH ZOOM - WORLD FINANCE

No Result
View All Result
  • MARKETS
    • Trading
    • Stock Futures
    • Exchange Traded Fund (ETF)
    • Best Stocks To Buy Now
    • Penny Stocks
    • Forex Market
    • Bonds & Rates
    • Stock Market Guides
    • Commodities
      • Brent Crude Oil Price
      • WTI Crude Oil Price
    • Breaking Stock Market News
    • Reviews in Stock Market
    • Asian Markets
    • European Markets
    • US Markets
  • WORLD INDICES
    • DAX PERFORMANCE-INDEX
    • Russel 2000 (RUT)
    • STOXX Europe 600 (SXXP)
    • Euro Stoxx 50
    • CAC 40 Index (FCHI)
    • FTSE 100 Index
    • Nikkei 225 Index
    • HSI – Hang Seng Index
    • NSE Nifty 50 Index
    • NASDAQ Composite Index
    • Dow Jones (INDEXDJX: .DJI)
    • S&P 500 Index
    • ASX – Australian
    • Shanghai Index (SSE)
  • BUSINESS
  • CRYPTO
    • Metaverse
    • Tokens
    • Crypto Reviews
    • NFT : Non-Fungible Tokens
    • Stablecoins
    • Blockchain
    • Ethereum
    • Buy Bitcoin
    • Best Crypto
    • Bitcoin
    • Altcoins
  • MONEY
    • Insurance
    • Taxes
    • Mortgages
    • Loans
    • Personal Finances
    • Credit Cards
    • Interest Rates
  • BANKING
    • Banks Near Me
    • Payments
    • ATM Near me
    • Best Banks
    • Banks Guides
    • Transfer Money Online
    • Mobile Banking
    • Digital Bank
  • TECH
    • Social Media
    • Login
    • Error Pages
    • Is It Down?
    • Download
    • Settings
  • LUXURY
    • Luxury Food & Drink
    • Luxury Cars
    • Luxury Style
    • Luxury Motors
    • Luxury Travel
    • Luxury Tech
  • LIFESTYLE
    • Travel
    • Real Estate
    • Entertainment
    • Health
    • Cars
    • Famous People
    • Near Me
    • Life
    • Weather Tomorrow
  • ABOUT US
    • Why Fintech Zoom?
    • What is FintechZoom?
    • Advertise with Us
    • Careers in FintechZoom
    • Fintech Zoom Logo
    • FintechZoom PRO

© 2016-2023 FINTECH ZOOM - WORLD FINANCE