Eurozone inflation is still lingering near zero
REUTERS/Kai Pfaffenbach
The latest figures show consumer prices up 0.2%, while core prices rose 0.9%.
The core figure measures inflation but strips out particularly volatile items like food and energy prices.
Analysts were expecting inflation of 0.2% year-on-year and core inflation at 0.8%.
The fact that inflation is now above zero is an improvement on earlier in the year, when the figures fell into negative territory and the bloc saw a bout of deflation.
That prompted the European Central Bank (ECB) to bring in a programme of quantitative easing (QE) that it's promised not to end until September 2016 - and with inflation numbers like these, it looks like the scheme will be going until at least then.
NOW WATCH: The science behind losing weight
- Global stocks rally even as Sensex, Nifty fall sharply on Friday
- In second consecutive week of decline, forex kitty drops $2.28 bn to $640.33 bn
- SBI Life Q4 profit rises 4% to ₹811 crore
- IMD predicts severe heatwave conditions over East, South Peninsular India for next five days
- COVID lockdown-related school disruptions will continue to worsen students’ exam results into the 2030s: study
- JNK India IPO allotment date
- JioCinema New Plans
- Realme Narzo 70 Launched
- Apple Let Loose event
- Elon Musk Apology
- RIL cash flows
- Charlie Munger
- Feedbank IPO allotment
- Tata IPO allotment
- Most generous retirement plans
- Broadcom lays off
- Cibil Score vs Cibil Report
- Birla and Bajaj in top Richest
- Nestle Sept 2023 report
- India Equity Market