In the eurozone in February, a slowdown in producer prices was recorded. According to Eurostat, prices rose by 0.1% compared with a 0.3% rise in January. Compared to February 2018, the increase was 3%. In the European Union in February, the rise in producer prices relative to January was at the level of 0.2%. The annual rate increased by 3.1%. Companies in Slovakia increased the prices the most, their figure increased by 1.8%. In Bulgaria, the increase was at the level of 1.5%, in Lithuania and Greece - at the level of 1.2%. Price reductions have been noted in Estonia, Portugal and Denmark. For the year the fall in prices was not observed in any country. The largest annual price increase was shown by Latvia, where the figure increased by 6.6%.
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 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 ...