Median expectations for inflation over the next 12 months fell to 4.1% in April.
A shopper pays with a five Euro bank note to buy eggs at a local market in Nice, France, April 26, 2023. REUTERS/Eric Gaillard
The ECB has raised interest rates by a combined 375 basis points over the past year to arrest runaway price growth and it could still take until 2025 for inflation to slow back to its 2% target as rapid wage growth and robust demand for services keep pressure on prices. The figures comes as Dutch policymaker Klaas Knot, an outspoken policy hawk, made cautiously optimistic comments on price growth, arguing that the worst of Europe's inflation problems are now in the past.
"Because inflation was high for a long period, underlying inflationary pressures have built up," Knot said in a speech. "It is likely that price pressures in these areas will prove more difficult to bring down."
Österreich Neuesten Nachrichten, Österreich Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
How Many Dallas Apartments Can You Get for Under $2,000?The national median rent during the month of May was $1,967, but here, median rent was even higher: $2,112.
Weiterlesen »
Manhattan robbery spree suspects stole nearly $20,000 since April, NYPD saysNYPD released new images of four suspects accused of stealing nearly $20,000 in merchandise and cash in at least four robberies in Manhattan since April.
Weiterlesen »
German exports rise unexpectedly in April on China reopeningGerman exports rose unexpectedly in April, boosted by deliveries to China following its post-pandemic reopening, but analysts warned that the momentum could be short-lived.
Weiterlesen »
April U.S. factory orders rise for fourth gain in five monthsOrders for manufactured goods rose 0.4% in April, the Commerce Department said Monday.
Weiterlesen »
These 10 establishments were Missouri City, Richmond and Rosenberg’s top alcohol sellers in AprilLeading in alcohol sales for April among bars and restaurants in the Fort Bend County...
Weiterlesen »
Tesla's China-made EV sales rose 2.4% in May from April - CPCAU.S. automaker Tesla Inc delivered 77,695 China-made electric vehicles (EVs) in May, a 2.4% jump from April, data from the China Passenger Car Association (CPCA) showed on Monday.
Weiterlesen »