Eurozone Slipped Into Recession Early in the Year
A weak recovery has been underway since then, but growth is expected to remain tepid for the remainder of the year.
Eurozone Inflation Rate Falls to 6.1 Percent in May
The rate of price increases slowed to an annual rate of 6.1 percent in May, but food costs continued to keep inflation uncomfortably high.
Posted inCompany Reports Consumer Behavior Energy and Power Europe European Central Bank European Union Food Grain Great Britain Inflation (Economics) Interest Rates Prices (Fares, Fees and Rates) Supermarkets and Grocery Stores Supply Chain
Why Are Food Prices So High in Europe? Sugar, Cheese and Bread Costs Soar
Agricultural and energy costs are falling, but basic items remain stubbornly expensive for consumers.
Posted inBank of England Banking and Financial Institutions Europe European Central Bank Eurozone Inflation (Economics) Interest Rates Lagarde, Christine
European Central Bank Raises Rates Again, but Only a Quarter Point
The bank said “underlying price pressures remain strong” in the eurozone, where the annual inflation rate reached 7 percent last month.