A preliminary estimate of consumer prices for the Eurozone for the month of January has just been published. Consumer prices rose by 1.4% year on year after +1.3% in December and +1.0% in November. Energy prices for consumers (mainly oil?) increased by 1.8% year on year in January after +0.2% and -3.2% in December and November. Let’s bet… the oil price on the futures market continued to rise sharply until January 8th, only to plummet dramatically from then on. Are we therefore experiencing a decline in the rate of increase for consumer prices at the end of February? Thanks to the fall in oil prices over the last three weeks? Food prices at +2.2% are the strongest drivers in January to push up the average.
Industrial production data for the euro zone for May have just been released. It is down by 0.5% year on year. With the previous months at -0.4% and -0.5% this is only the third consecutive […]
German exports could almost drive us crazy if we try to identify a trend on the basis of percentage changes. The following chart is from today’s publication of the Federal Statistical Office on German foreign […]
No, it’s not April Fools’ Day yet. No, it’s not a bitter bad joke. The former head of the ECB Mario Draghi will be awarded the Federal Cross of Merit by President Steinmeier on 31st […]