Bread price up by almost a fifth in the eurozone
Federal news agency The inflation rate in the EU reached 9.1% compared to 8.9% in July, according to Eurostat. Consumer prices rose over the month by 0.1%, amounting to 0.6%. Compared to August 2021, the cost of energy resources increased by 38.6%, food – by 10.6%, manufactured goods – by 5.1%, services – by 3.8%. … Read more
Federal news agency The energy crisis in Germany could destroy the economy of other European countries, wrote a journalist for the British online magazine Spiked Sabina Beppler-Spal. According to her, following the German difficulties with energy, the entire Eurozone may collapse. Leading Analyst of the National Energy Security Fund, Expert of the Financial University under … Read more
Inflation in the European Union attracts the attention of specialists, data on it were announced by the head of the European Central Bank (ECB), Christine Lagarde. She spoke at a press conference, the process was broadcast on the website of the European Commission. .
pxhere.com Disagreements are growing inside the European Union against the backdrop of a worsening economic situation. In some countries of southern Europe, they may start talking about returning to the national currency, says Mikhail Vasiliev, chief analyst at Sovcombank. Southern countries will be the most vulnerable to rising inflation. Against the background of the deteriorating … Read more
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According to the authors of the article, the purchasing managers’ indices, which will be published on August 23, are likely to show a reduction in private sector production for the second month in a row, which is another indicator of a looming recession in the eurozone. Indices of business confidence in Germany, France and Italy … Read more
Since July 2021, when annual inflation in the euro area was 2.16%, this figure has increased by more than 3.5 times. Eurostat cited the rise in energy prices as the key reason for high inflation: it amounted to 39.7% in annual terms after rising by 42% last month. .
According to Eurostat, energy inflation reached 41.1% yoy in July. This is the highest figure since the beginning of observations in 1997. If we take the subcategories, the largest increase in July was shown by gas prices – 51.4% yoy. Since January, this indicator has grown by 10.7 percentage points against the backdrop of a … Read more