Euro Zone Inflation Soars to Record High of 10% for September
"Indeed, while headline inflation may start to ease as a result of base effects and volatile energy prices, with the unemployment rate itself at a new low, core inflation is building momentum and is likely to rise further in the coming months," she said in an email Friday.
Euro zone unemployment came in at 6.6% in August, unchanged from July and showing evidence that the labor market has remained resilient despite the impending recession and energy crisis sweeping the continent. "With labor markets still tight and inflation gradually becoming more entrenched in the Euro area economy, today's numbers will only embolden the ECB to focus solely on inflation, giving them a green light to introduce another sizeable policy rate hike - even as the economy rushes headlong into a tough winter and recession," Shah said.
"The Euro area faces a particularly difficult dilemma. Not only is containing inflation largely out of the ECB's reach due to its supply side foundations, but raising policy rates will only deepen the acute economic weakness which is beginning to engulf the region."
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Breaking: Annual HICP in euro area jumps to 10% in September vs. 9.7% expectedInflation in the euro area, as measured by the Harmonised Index of Consumer Prices (HICP), climbed to 10% on a yearly basis in September from 9.1% in
Weiterlesen »
DOJ seizes 10 million fake fentanyl-laced pills from May to September this year'Of this year, DEA agents conducted 389 investigations, including 35 cartel linked investigations in 201 cities,' Attorney General Merrick Garland told reporters.
Weiterlesen »
DOJ seizes 10 million fake fentanyl-laced pills from May to September this yearFrom May to September of this year, the Department of Justice has seized an estimated 10 million fentanyl-laced pills, officials said on Tuesday at DEA headquarters.
Weiterlesen »
DOJ seizes 10 million fake fentanyl-laced pills from May to September this year'Of this year, DEA agents conducted 389 investigations, including 35 cartel linked investigations in 201 cities,' Attorney General Merrick Garland told reporters.
Weiterlesen »
DOJ seizes 10 million fake fentanyl-laced pills from May to September this year'Of this year, DEA agents conducted 389 investigations, including 35 cartel linked investigations in 201 cities,' Attorney General Merrick Garland told reporters.
Weiterlesen »