Eurozone Inflation Near 10-Year High

Eurozone inflation accelerated more-than-expected to a near 10-year high in August, flash data from Eurostat showed on Tuesday. Inflation rose to 3 percent in August from 2.2 percent in July. This was the highest since November 2011 and also exceeded the European Central Bank’s 2 percent target and economists’ forecast of 2.7 percent. Core inflation… Continue reading Eurozone Inflation Near 10-Year High

France GDP Growth Confirmed; Inflation Accelerates

France’s economy expanded as initially estimated in the third quarter and consumer price inflation accelerated in November driven by food and services costs, official data showed Friday. Gross domestic product climbed 0.3 percent sequentially, the same pace of growth as seen in the second quarter. The rate matched the estimate published on October 30. The… Continue reading France GDP Growth Confirmed; Inflation Accelerates

Eurozone Inflation Accelerates In November

Eurozone inflation accelerated in November on food and services cost, flash data from Eurostat showed Friday. Inflation rose more-than-expected to 1 percent in November from 0.7 percent in October. Economists had forecast the rate to rise to 0.9 percent. Headline inflation remained well below the European Central Bank’s target of “below, but close to 2… Continue reading Eurozone Inflation Accelerates In November