CPI in the euro zone fell slightly to 8.5% in February, still maintaining a high level.

(Bloomberg)

[Financial Channel/Comprehensive Report] According to the data released by Eurostat today (2nd), the consumer price index (CPI) in the euro zone increased by 8.5% year-on-year in February, which has fallen from the high point, but is still higher than The market originally expected 8.2%; in addition, the core CPI also rose to 5.6% from 5.3% in the previous month, showing that inflation in Europe has not yet slowed down.

"CNBC" reported that although the overall inflation in Europe has fallen below the double-digit peak in October last year, the decline in energy prices was offset by the increase in food prices, resulting in an insignificant decline in European inflation, especially in France and Germany. , Spain's February inflation was higher than expected, which means that the European Central Bank (ECB) may continue to raise interest rates to curb high prices.

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Previously, the ECB emphasized that interest rates will not return to negative levels, and it is only possible to stop raising interest rates when inflation is guaranteed to drop to 2%. It is estimated that interest rates will be raised by 2 yards (0.5 percentage points) in March.

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