ING
Eurozone inflation hits a Middle East war high, but core pressures remain contained
From the original
https://think.ing.com/snaps/eurozone-inflation-at-middle-east-war-high-but-no-sign-of-core-inflation-moving-up-yet/
Related speeches
4 itemsING THINK
Eurozone inflation hits a Middle East war high, but core pressures remain contained
The latest Eurozone inflation data highlights a complex narrative: headline inflation surged to 3.3% in August, its highest level amidst the ongoing Middle East crisis, while core inflation remained stable at 2.4%. Per the full note from ing-think, the upward pressure primarily stems from rising energy prices, yet the persistent stability of core inflation offers a nuanced view of the underlying economic conditions. With economic resilience and wage growth indicators on the rise, traders should keenly monitor the European Central Bank's next move regarding interest rates in light of this inflation dynamic.
ING Economics
Eurozone economy motors on despite Middle East war
ING THINK