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Inflation in the euro zone is falling fast and the economy has begun contracting, data showed on Tuesday, illustrating the dual impact of a steady diet of European Central Bank interest rate hikes ...
Eurozone inflation ticked up more than expected in May, to 2.6% from 2.4% the previous month. Core inflation, which strips out volatile food and energy prices, also accelerated as wages grew rapidly.
The key macroeconomic data in the eurozone countries are: General government net debt / Percent of GDP; General government net lending/borrowing / Percent of GDP; inflation rate; gross domestic product (real GDP); unemployment.
The Harmonised Index of Consumer Prices (HICP) is an indicator of inflation and price stability for the European Central Bank (ECB). It is a consumer price index which is compiled according to a methodology that has been harmonised across EU countries. The euro area HICP is a weighted average of price indices of member states who have adopted ...
Eurozone's inflation. The economy of the European Union is the joint economy of the member states of the European Union (EU). It is the second largest economy in the world in nominal terms, after the United States, and the third largest at purchasing power parity (PPP), after China and the US.
The latest reading showed eurozone inflation fell to 2.5% in June, closer to its target of 2%. However, services inflation, which Swift’s presence would contribute to, has remained elevated ...
With inflation falling to 0.5% in May 2014, the ECB again took measures to stimulate the eurozone economy, which grew at just 0.2% during the first quarter of 2014. [308] (Deflation or very low inflation encourages holding cash, causing a decrease in purchases).
Eurostat, the European Union's official statistics agency, said today that industrial production in the 17 eurozone countries was 0.6% higher in July than in June, but 2.3% lower than in July 2011.