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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

ECB board member Isabel Schnabel said over the medium term, euro zone inflation still risked undershooting its 2% target

ECB still more worried about inflation being too low

This year's surge in inflation in the euro zone is still seen as temporary, even if prices continue to rise from already high levels, European Central Bank board member Isabel Schnabel told a German newspaper over the weekend.

Business • 23 Aug 21

ECB's new guidance can boost inflation expectations

The European Central Bank's new policy guidance can boost inflation expectations, paving the ground to higher interest rates down the line, the ECB's chief economist Philip Lane said today.

Business • 19 Aug 21

Inflation in the 19 countries sharing the euro slipped to 1.9% in June from 2% in May - in line with forecasts

Euro zone inflation eases before expected march higher

Euro zone inflation eased this month, levelling off for the summer months before an expected move well above the European Central Bank's target towards the autumn on higher commodity prices.

Business • 30 Jun 21

A sharp spike in energy prices pushed euro zone inflation higher in May

Energy, services boost euro zone inflation in May

A sharp spike in energy prices and more expensive services boosted euro zone consumer inflation in May as expected, data confirmed today, taking the rate of price growth just above the European Central Bank's target.

Business • 17 Jun 21

90% of economists said the ECB would leave the €1.85 trillion worth of asset buys under its Pandemic Emergency Purchase Programme unchanged at its June meeting

ECB to keep policy loose despite high inflation risks

The European Central Bank will not change the total size of its asset purchase programme at its June 10 meeting but will start tapering its pandemic purchases later this year, according to a Reuters poll which also showed inflation risks to the upside.

Business • 03 Jun 21

Euro zone inflation hit 2% in May as Covid restrictions across Europe were scaled back, boosting the economy

Euro zone inflation hits near three-year high in May

Inflation in the euro zone jumped to its highest level since October 2018 as Covid restrictions across Europe were scaled back, boosting the economy and stoking energy prices.

Business • 01 Jun 21

Euro zone consumer prices rose by 0.6% month-on-month in April for a 1.6% year-on-year increase

Euro zone inflation accelerates in April

Euro zone inflation accelerated as expected in April because of a sharp rise in the costs of energy and services, the European Union's statistics office Eurostat said today.

Business • 19 May 21

Euro zone inflation rose 0.9% month-on-month in March for a 1.3% year-on-year increase

Services, energy drive euro zone March inflation higher

Euro zone inflation accelerated as initially estimated in March, driven mainly by more expensive services and energy, data from the European Union's statistics office Eurostat show.

Business • 16 Apr 21

Inflation in the euro zone accelerated to 1.3% in March from 0.9% a month earlier, new figures show

Euro zone inflation continued to surge in March

Euro zone inflation jumped in March, taking another step higher in what is likely to be a temporary but sharp climb that may put consumer price growth above the European Central Bank's near 2% target later this year.

Business • 31 Mar 21

No interest rate changes from European Central Bank today

ECB to boost emergency bond buys, keeps rates unchanged

The European Central Bank said today it was going to boost its bond purchases over the next quarter as it attempts to keep borrowing costs low for a euro zone economy still struggling with the Covid-19 pandemic.

Business • 12 Mar 21

Prices in the euro zone rose by 0.2% on the month in January and 0.9% from last year, new figures show

Euro zone inflation holds steady before expected spike

Euro zone inflation held steady as expected last month, taking a break in what is likely to be a temporary but sharp spike in consumer prices in the coming months, data showed today.

Business • 02 Mar 21

Consumer prices in the euro zone rose 0.2% month-on-month for a 0.9% year-on-year increase

More expensive services lead euro zone inflation rise

More expensive services and industrial goods led a rebound in inflation in January after months of falling prices, offsetting the downward pull of cheaper energy, data showed today.

Business • 23 Feb 21

Euro zone inflation has undershot the ECB's nearly 2% target for most of the past decade

Euro zone inflation rate surges in January

Euro zone inflation surged well past expectations last month, driven by rising energy costs and a German tax increase, posing a potential communications challenge for the European Central Bank.

Business • 03 Feb 21

Euro zone energy prices fell by 8% in November compared to the same time last year

Euro zone inflation confirmed as negative in November

Euro zone annual inflation was negative for a fourth consecutive month in November, matching a four-year low, as energy prices were around 8% lower than a year earlier.

Business • 17 Dec 20

The ECB now expects negative inflation readings well into early 2021

Euro zone inflation drop adds to ECB stimulus case

Euro zone inflation remained in negative territory for the fourth month in a row in November, reinforcing European Central Bank concerns that the dip in prices may be more persistent than feared as deflationary forces intensify amid a deep recession.

Business • 01 Dec 20

ECB's Lane warns economic hit from Covid will persist

The Chief Economist of the European Central Bank, Philip Lane, has said the macroeconomic hit from Covid-19 is likely to persist even after medical solutions have been rolled out.

Business • 26 Nov 20

Euro zone energy prices in October were around 8% lower than a year earlier, new Eurostat figures show

Euro zone inflation confirmed negative in October

Euro zone annual inflation was negative for a third consecutive month in October, matching a four-year low, as energy prices were around 8% lower than a year earlier.

Business • 02 Sep 21

Euro Zone Inflation