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Inflation was boosted by a surge in energy prices and supply chain bottlenecks as the euro zone economy recovers from lockdowns

Euro zone inflation confirmed at 5% on energy surge

Euro zone consumer prices jumped at a record high pace in December, the EU's statistics agency confirmed today, boosted by a surge in energy prices and supply chain bottlenecks as the economy recovers from pandemic lockdowns.

Business • 20 Jan 22

Inflation will fall later this year, says ECB's Lane

The chief economist of the European Central Bank, Philip Lane, has said he believes inflation will come down later this year and that the current high rate is part of what he calls a "pandemic cycle of inflation."

Business • 08 Jan 22

Inflation in the euro zone rose to 5% in December from 4.9% in November - a record high

Euro zone inflation hits 5%, marking a new record high

Euro zone inflation rose last month, likely making for more uncomfortable reading at the European Central Bank, which has consistently underestimated price pressures and come under fire for this from some of its own policymakers.

Business • 07 Jan 22

Euro zone inflation shot up to 4.9% last month

ECB's Kazimir flags risk of high euro zone inflation

Euro zone inflation could remain elevated for longer than expected, European Central Bank policymaker Peter Kazimir said today, joining a growing chorus of warnings on building price pressures.

Business • 21 Dec 21

Eurostat said inflation in the euro zone rose to 4.9% in November

Euro zone inflation confirmed at record high

Euro zone inflation surged to its highest rate on record in November, the European Union's statistics office Eurostat confirmed today, with more than half of the increase due to a spike in energy prices.

Business • 17 Dec 21

The ECB has said it considers a spike in inflation to be temporary

ECB dials back stimulus a notch but promises support

The European Central Bank cut support for the euro zone economy by another notch today but promised copious support for 2022, confirming its relaxed view on inflation and indicating that any exit from years of ultra-easy policy will be slow.

Business • 16 Dec 21

High euro zone inflation is challenging the ECB, which has little experience dealing with rapid price growth

Euro zone inflation will take longer to fall back to 2%

Euro zone inflation will take longer to fall back to target than earlier thought but so far there is no evidence that high prices are becoming embedded in wages, ECB Vice President Luis de Guindos said today.

Business • 08 Dec 21

Consumer price growth in the euro zone accelerated to 4.9% in November, new figures show

Euro zone inflation at new high as Irish prices up 5.4%

Inflation in Ireland rose to 5.4% in November, according to the latest "flash" estimate from the EU's statistical agency Eurostat, while euro zone inflation raced higher to stand at 4.9%.

Business • 30 Nov 21

The ECB is expected to agree on winding down its €1.85 trillion Pandemic Emergency Purchase Programme next month

ECB's Panetta calls for continued bond buys amid Covid

The European Central Bank must keep borrowing costs in check as the coronavirus pandemic drags on and there is no sign that inflation is getting out of control, ECB board member Fabio Panetta said today.

Business • 24 Nov 21

A delay in the approval process for a major new pipeline from Russia has sent European gas prices higher

European gas prices surge on Russian pipeline setbacks

European gas prices surged again today after a delay in the approval process for a major new pipeline from Russia, which German government sources said might not now be commissioned until March next year.

Business • 17 Nov 21

Euro zone inflation rose 0.8% month-on-month in October, for a 4.1% year-on-year surge

Euro zone inflation confirmed at 4.1% on energy spike

Euro zone inflation surged to more than twice the European Central Bank's target in October, the European Union's statistics office Eurostat confirmed today, with more than half of the jump due to a spike in energy prices.

Business • 17 Nov 21

European Central Bank President Christine Lagarde

Euro zone inflation will take longer to come down - ECB

Inflation in the euro zone will take longer to decline due to high energy prices and persistent supply chain bottlenecks, European Central Bank President Christine Lagarde said today.

Business • 15 Nov 21

ECB policy tightening could be counterproductive - Lane

Tightening monetary policy to temper the current bout of inflation in the euro zone would be counterproductive, European Central Bank chief economist Philip Lane said today, largely repeating the bank's recent policy stance.

Business • 08 Nov 21

Euro zone inflation rose to 4.1% in October, up from 3.4% a month earlier and ahead of a consensus forecast of 3.7%

Euro zone inflation hits 13-year high in October

Euro zone inflation shot past expectations in October to hit a 13-year high, worsening a policy headache for the European Central Bank, which has consistently underestimated consumer price growth over the past year.

Business • 29 Oct 21

Global supply chain problems as the world economy reopens from Covid lockdowns and labour shortages have fuelled price pressures

Euro inflation expectations hit highest level in years

Euro zone inflation expectations among bond investors hit their highest levels in years today, putting additional pressure on the European Central Bank and its insistence on maintaining crisis-era stimulus.

Business • 22 Oct 21

Consumer prices in the euro zone rose 0.5% month-on-month in September for a 3.4% year-on-year rise, new figures show today

Energy, services boost euro zone inflation as expected

More expensive energy and services boosted euro zone inflation as expected in September, data showed today, with core inflation also higher.

Business • 20 Oct 21

Philip Lane, chief economist at the European Central Bank

ECB's economic experts spar over inflation outlook

The European Central Bank's two leading economic thinkers have sparred over how likely it was for the recent, sharp rise in euro zone inflation to become permanent.

Business • 08 Oct 21

Euro zone energy prices increased by 17.4% in September, new figures show

Euro zone inflation hits highest level in 13 years

Euro zone inflation hit a 13-year high last month and looks likely to jump higher still, further clouding the European Central Bank's benign view of the biggest price spike since before the global financial crisis.

Business • 01 Oct 21

ECB's Lagarde promises not to overreact to inflation

European Central Bank President Christine Lagarde has today played down inflation fears, and promised patience before policy tightening as the bank was determined not to overreact to what it still deems a temporary surge in prices.

Business • 28 Sep 21

ECB board member Isabel Schnabel said the euro zone recovery is well on track

ECB happy with rise in inflation - Schnabel

The European Central Bank is happy with the broad-based rise in inflationary pressures and still sees the current spike above its 2% target as temporary, ECB board member Isabel Schnabel said today.

Business • 20 Sep 21

Central Bank Governor Gabriel Makhlouf said current price pressures reflect 'transitory factors that will fade out over time'

Fears of 'excessive' inflation overstated - Makhlouf

Central Bank Governor Gabriel Makhlouf said today that fears of "excessive" euro area inflation are overstated.

Business • 17 Sep 21

Eurostat said consumer prices in the euro zone rose by 3% in August year-on-year, after a 2.2% rise in July

Euro zone inflation confirmed at 10 year high

Euro zone inflation accelerated to a 10-year high in August, the European Union's statistics office confirmed today, as a global recovery pushed energy prices even higher.

Business • 17 Sep 21

ECB policymaker Isabel Schnabel said the bank is ready to act on euro zone inflation

ECB ready to act if inflation goal is hit sooner

Inflation in the euro area will "in all likelihood" ease as soon as next year but the European Central Bank is ready to act if it does not, ECB policymaker Isabel Schnabel said today.

Business • 13 Sep 21

The European Central Bank is taking small steps towards unwinding the emergency economic aid that propped up the euro zone during the Covid pandemic

ECB trims emergency support, insists 'no tapering'

The European Central Bank has today raised its forecast for economic growth in 2021, as the euro zone recovery gathers pace following the easing of many pandemic curbs.

Business • 09 Sep 21

Consumer prices in the euro zone rose by 3% this month, after increasing by 2.2% in July, new figures show today

Euro zone inflation surges to 10-year high

Euro zone inflation surged to a 10-year-high this month with further rises still likely to come, challenging the European Central Bank's benign view on price growth and its commitment to look past what it deems a transient increase.

Business • 31 Aug 21

Euro Zone Inflation

Euro zone inflation confirmed at 5% on energy surge

Inflation will fall later this year, says ECB's Lane

Euro zone inflation hits 5%, marking a new record high

ECB's Kazimir flags risk of high euro zone inflation

Euro zone inflation confirmed at record high

ECB dials back stimulus a notch but promises support

Euro zone inflation will take longer to fall back to 2%

Euro zone inflation at new high as Irish prices up 5.4%

ECB's Panetta calls for continued bond buys amid Covid

European gas prices surge on Russian pipeline setbacks

Euro zone inflation confirmed at 4.1% on energy spike

Euro zone inflation will take longer to come down - ECB

ECB policy tightening could be counterproductive - Lane

Euro zone inflation hits 13-year high in October

Euro inflation expectations hit highest level in years

Energy, services boost euro zone inflation as expected

ECB's economic experts spar over inflation outlook

Euro zone inflation hits highest level in 13 years

ECB's Lagarde promises not to overreact to inflation

ECB happy with rise in inflation - Schnabel

Fears of 'excessive' inflation overstated - Makhlouf

Euro zone inflation confirmed at 10 year high

ECB ready to act if inflation goal is hit sooner

ECB trims emergency support, insists 'no tapering'

Euro zone inflation surges to 10-year high