Home Business ECB: Panetta, short-term inflation has not yet peaked

ECB: Panetta, short-term inflation has not yet peaked

by admin
  1. Home ››
  2. News >>
  3. World News ››


FACEBOOK
TWITTER
LINKEDIN

“The euro area is facing a spike in inflation resulting from a combination of purely temporary factors. Currently, the dominant factor is rising energy prices globally. In October, energy contributed 2 , 2 percentage points to inflation, the largest contribution in the history of the Eurozone “. This was stated by Fabio Panetta, member of the executive board of the European Central Bank (ECB), taking part in a conference of the Sciences Po in Paris. “This dynamic is driving short-term inflation, which has not yet reached its peak,” added Panetta.

See also  Xylella: the forgotten crisis that is worth 10% of made in Italy oil
0 comment
0

You may also like

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More

Privacy & Cookies Policy