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The final Eurostat data on annual inflation in the euro area in May coincided with a preliminary estimate of 1.2% and confirmed the forecasts of economists. Last month, inflation slowed relative to its April value of 1.7%. Relative to the previous month, consumer prices rose by 0.1%, while economists had predicted an increase of 0.2%. This figure also slowed growth against the April rise of 0.7%. Annual inflation, which does not take into account the prices of food, alcohol and energy carriers, was 0.8% in May against its April value of 1.3%. Food, alcohol, and tobacco products have risen in price for the year by 1.5%. The cost of energy rose by 3.8%, services – by 1%. At the same time, Romania had the highest level of inflation – 4.4%, Cyprus – the lowest inflation rate of 0.2%.
Financial markets saw record heights earlier on Friday, with the Euro continuing its 21-month gain streak and gold prices hitting its highest level amid a weakened Dollar. The Euro soared above the Dollar by 1.7%, trading at $1.1616 for the ...
The reimplementation of virus-related lockdowns in some states dragged the U.S. economic outlook in the past month, according to economists in a Reuters poll who also warned that the monitored rebound in employment may reverse by the end of ...
Japan's industrial output is expected to recover in June from a double-digit decline in May amid hopes that factory activity may have reached its lowest due to the coronavirus pandemic, according to a Reuters’ poll of 13 economists. While ...
The Dollar fell on Tuesday, with the Euro and the British Pound Sterling gaining strength on the back of news that European Union leaders have agreed to roll out additional recovery funds in the region. New hopes for a potential COVID-19 vaccine ...
The euro reached its highest level since early March after the European Union agreed on a deal for a massive stimulus package to support the bloc’s economy from the coronavirus pandemic. The deal was finalized after a round of compromises ...
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