Monday , May 16 2022

Euro inflation in October was the highest in six years


Inflation in the euro zone increased in October, the fastest of nearly six years backed by energy prices. In a statement Friday, the European Union statistical bureau confirmed Eurostat's previous forecasts.
Eurostat said consumer prices in the euro zone in 19 countries increased by 2.2 percent year-on-year in October, compared to 2.1 percent in September and 2 percent in August. The increase since December 2012.
Meanwhile, European Central Bank President Mario Draghi predicted that the euro zone will continue to grow despite the risk of "very careful" protective measures to be followed in the coming years.
Bloomberg news agency, Germany's European Central Bank (ECB) in Frankfurt in the third quarter of 0.2 per cent in a statement after the decline, the last slowdown is largely due to temporary factors, he said.

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