Euro

Inflation Pressure: Euro Central Bank to Cut Rates in June Amidst Cooling Core Rate and Stagnant Services – What You Need to Know!

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Frankfurt, Germany – Inflation in the Eurozone is showing signs of cooling, with the core rate dropping to 2.9% after excluding energy, food, alcohol, and tobacco. This decrease came in below expectations, providing some relief as concerns about rising prices persist. Despite this slight dip, services inflation, a crucial indicator for the European Central Bank, remained steady at 4% for the fifth consecutive month. This stagnant figure suggests continued pressure stemming from wage growth within …

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**Inflation** Eases in Euro Zone, but Core Figures Higher Than Expected: What Does This Mean for Interest Rates?

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Catania, Italy – Inflation in the euro zone decelerated to 2.6% in February, as per preliminary data released on Friday. However, both the overall and core inflation rates surpassed expectations set by analysts, who had predicted a 2.5% increase. Core inflation, which excludes volatile components such as energy, food, alcohol, and tobacco, rose to 3.1%, exceeding the anticipated 2.9% figure. According to the European Union statistics agency, food, alcohol, and tobacco saw the highest inflation …

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Core Inflation Soars to 3.1% in Euro Zone, Surpassing Expectations and Impacting Market Predictions!

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In Catania, Italy, a Sicilian confectionery shop, Mazzone, showcases the art of preparing sweets for customers, offering a glimpse into the world of artisanal treats. The bustling shop exudes a mix of tradition and modernity, where salesmen skillfully pack bags of delicacies, creating a visual feast for all who pass by. Recent data revealed a slight easing of inflation in the 20-nation euro zone, with February figures showing a 2.6% increase. However, both headline and …

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