Eurozone National Inflation Shows Signs of Knock-on Effects

Dow Jones
Yesterday

1332 GMT - Rising energy costs due to the war in Iran are now beginning to feed through to food and services prices in the eurozone, Jack Allen-Reynolds at Capital Economics says in a note. Inflation in the currency bloc's four largest economies exceeded consensus forecasts in September, pointing to a rise in headline eurozone inflation to 3.7% from 3.2% in August, he says. "We warned last week that higher energy costs might start to show up in other components of the inflation basket in September." Higher agricultural prices have pushed up food costs, while soaring jet fuel prices have lifted transport inflation, with core inflation expected to creep up in the coming quarters. Allen-Reynolds expects the European Central Bank to hold rates in October before raising in December.

 

At the request of the copyright holder, you need to log in to view this content

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10