The annual rate of inflation fell to 5.5 percent in June, compared with 6.1 percent the month before. But “core” inflation edged higher.
Category: European Central Bank
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Europe’s Inflation Issue Moves Into a New Phase: From Profits to Wages
The European Central Bank expects to bring down inflation, with a big caveat: Companies need to let profits fall as they pay for higher wages.
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Top Central Bankers Expect More Rate Increases Amid Stubborn Inflation
The heads of the Federal Reserve, European Central Bank and Bank of England said that while inflation was moderating somewhat there was still more work to be done.
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Inflation Is Proving Persistent as It Moves Through the Eurozone Economy
Christine Lagarde, the president of the European Central Bank, called for more “more persistent policy” to stifle price rises.
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European Central Bank Raises Interest Rates to Highest Level Since 2001
Inflation is “projected to remain too high for too long,” the central bank said as it raised interest rates by a quarter-point, its eighth consecutive increase.
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President Biden Renews Fight on ‘Surprise Fees’ as Inflation Stays High
President Biden will host executives from several companies, including Airbnb and Live Nation, to announce new efforts to end so-called junk fees as inflation remains high.
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JPMorgan Seeks to Settle Lawsuit by Jeffrey Epstein Victims
After weeks of embarrassing disclosures, the Wall Street giant reached a tentative settlement with the convicted sex offender’s victims.
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As the Fed Meets, It Shares an Inflation Problem With the World
Inflation is stubborn across a range of economies. Given its staying power, investors expect the Fed to pause rate moves only temporarily.
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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.
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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.
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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.
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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.