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Eurostat published a final estimate of the level of inflation in the euro area in April. As of April 2018, consumer prices increased by 1.7%, accelerating growth against the March rise of 1.4%. The figure for April coincided with the expectations of experts. The rise in prices relative to their March level was 0.7%. The annual inflation rate, which does not include energy, food and alcohol, reached a record 1.3% in 2 years, indicating acceleration after an increase of 0.8% a month earlier. In April of this year, there was a 1.5% increase in the cost of food, alcohol and tobacco products in annual terms. The cost of services increased by 1.9%, energy carriers - by 5.3%. In April, in the EU countries, an annual increase in consumer prices at 1.9% was recorded, for the month they increased by 0.7%.
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 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 ...
The euro steadied at four-month highs on the dollar after investors pinned hopes on the EU economic rescue fund as European leaders are expected to break a deadlock and agree on a deal. EU leaders had differing stands on the proposed 750 billion ...
The euro hit a four-month peak against the dollar on Wednesday on hopes that the European Union would implement economic stimulus and deeper fiscal integration to support the economy amid the pandemic. The euro rose to $1.1423, its highest ...
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