Consumer prices in the euro zone for the month of May have just been published as an advance notification. Year-on-year they are up by 1.2% (1.7% in the previous month). A value of 1.3% was expected. The core rate rose by 0.8% after 1.3% in April. This month especially the services sector is the decisive factor with +1.1% after +1.9% in the previous month. Energy prices are “only” rising by 3.8% instead of 5.3%.
Inflation (consumer prices) in Turkey has been released this morning for the month of November. Year-on-year the inflation rate is now 10.56% after 8.55% in October! The previous month’s figure was the lowest level in […]
The final Euro Area Consumer prices for March have just been published. They are up 1.3% year-on-year. Expectations were +1.4% after 1.1% in February. The so-called core rate (excluding energy and food) increased by 1.0% […]
The euro is currently falling sharply against the US dollar from 1.1232 to 1.1207. The reason for this is recent news that the ECB is allegedly considering revising its inflation target (previously “2% or close […]