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In May, consumer prices in the euro area rose by 1.9% in annual terms after rising by 1.3% in April. Thus, inflation accelerated in May, its growth became the maximum for 13 months. The indicator coincided with the forecasts of analysts. Compared to the previous month, consumer prices increased by 0.5%. Without taking into account the price of energy, food and alcohol, consumer prices in the euro area increased by 1.1% in May in annual terms after rising by 0.7% in April. Annual inflation in the European Union accelerated in May to 2% compared with 1.5% a month earlier. Relative to April, prices increased by 0.5%. The highest inflation rate in annual terms was recorded in Romania – 4.6%, and Estonia - 3.1%. The lowest growth in consumer prices was observed in Ireland - by 0.7%, and Greece - by 0.8%.
Oil traded higher on Friday, further reclaiming lost ground from three-week lows in the previous session as the COVID-19 situation continued to dent the global economy as well as oil consumption. Brent crude gained 0.3%, trading at $43.08 ...
The second quarter had seen Australian consumer prices dropping by a record. This could be attributed to the coronavirus crisis dragging child care cost and petroleum prices, inflicting a serious damage to years of growth toward higher inflation. Last ...
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 ...
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