Eurozone inflation slows for first time since 2021 | The Business Standard
Skip to main content
  • Home
  • Economy
    • Aviation
    • Banking
    • Bazaar
    • Budget
    • Industry
    • NBR
    • RMG
    • Corporates
  • Stocks
  • Analysis
  • World+Biz
  • Sports
  • Features
    • Book Review
    • Brands
    • Earth
    • Explorer
    • Food
    • Habitat
    • In Focus
    • Luxury
    • Mode
    • Panorama
    • Pursuit
    • Wheels
  • Epaper
    • GOVT. Ad
  • More
    • Subscribe
    • Videos
    • TBS Graduates
    • Thoughts
    • Splash
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • COVID-19
    • Long Read
    • Interviews
    • Offbeat
    • Tech
    • Magazine
  • বাংলা
The Business Standard

Wednesday
December 06, 2023

Sign In
Subscribe
  • Home
  • Economy
    • Aviation
    • Banking
    • Bazaar
    • Budget
    • Industry
    • NBR
    • RMG
    • Corporates
  • Stocks
  • Analysis
  • World+Biz
  • Sports
  • Features
    • Book Review
    • Brands
    • Earth
    • Explorer
    • Food
    • Habitat
    • In Focus
    • Luxury
    • Mode
    • Panorama
    • Pursuit
    • Wheels
  • Epaper
    • GOVT. Ad
  • More
    • Subscribe
    • Videos
    • TBS Graduates
    • Thoughts
    • Splash
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • COVID-19
    • Long Read
    • Interviews
    • Offbeat
    • Tech
    • Magazine
  • বাংলা
WEDNESDAY, DECEMBER 06, 2023
Eurozone inflation slows for first time since 2021

Global Economy

Deutsche Welle
30 November, 2022, 08:30 pm
Last modified: 30 November, 2022, 08:33 pm

Related News

  • EU warns of terrorist attacks during Christmas
  • Inflation falls to 9.49% in November
  • EU wants Bangladesh to act on labour rights as pledged
  • EU representatives meet CEC
  • EU technical team to monitor election process in Dhaka

Eurozone inflation slows for first time since 2021

The euro is performing better than expected with annual inflation dropping to 10% in November this year, partly due to energy prices. But experts are not overly optimistic

Deutsche Welle
30 November, 2022, 08:30 pm
Last modified: 30 November, 2022, 08:33 pm
Photo: DW
Photo: DW

The eurozone's annual inflation rate has dropped to 10% in November, the EU statistics agency said on Wednesday.

This is the first drop in inflation in 17 months.

Bloomberg and FactSet foresaw a more modest drop, or a 10.4% rate. Inflation had risen to 10.6% in October.

The Business Standard Google News Keep updated, follow The Business Standard's Google news channel

A decrease in the speed at which energy prices are rising was one of the main factors leading to an overall fall in inflation.

Spain now has the lowest inflation rate in the Eurozone at 6.6%. France, which previously had the lowest rate, is now seeing inflation of 7.1%.

On Tuesday, preliminary data from German federal statistics agency Destatis showed that inflation in the country had slowed to 10%.

ECB expected to keep fighting inflation
On Monday, European Central Bank (ECB) Christine Lagarde expressed skepticism that inflation has peaked, ahead of the expected drop.

Looking at the driving factors of the inflation wave "whether it is food and commodities at large, or whether it is energy, we do not see the components or the direction that would lead me to believe that we have reached peak inflation and that it is going to decline in short order," Lagarde told European lawmakers.

The ECB has moved to limit inflation by lifting key interest rates, with another hike expected in mid-December, though possibly not as steep as the previous ones.

ING bank economist Carsten Brzeski said on Tuesday that the data offered a "very small breather."

Earlier this month, the European Commission said that the eurozone is likely to fall into a recession this winter as inflation drags on for longer than expected.

Inflation is being driven by rising energy prices caused by Moscow cutting off natural gas supplies over Western support for Kyiv. It has also been affected by an increase in demand following the lifting of Covid-19 restrictions and supply bottlenecks.

Top News / World+Biz / Europe

EU / inflation / Eurozone inflation

Comments

While most comments will be posted if they are on-topic and not abusive, moderation decisions are subjective. Published comments are readers’ own views and The Business Standard does not endorse any of the readers’ comments.

Top Stories

  • Representational image. Photo: Collected
    No tax on foreign loan interest till February: NBR
  • Law, Justice and Parliamentary Affairs Minister Anisul Huq. File photo: Collected
    From Tk6 lakh to Tk11 crore, law minister's cash balloons
  • Photo: Reuters
    Meta restricts record 2,270 contents in Bangladesh in Jan-Jun

MOST VIEWED

  • For the first time, Bangladesh seeks foreign loans to support Rohingyas
    For the first time, Bangladesh seeks foreign loans to support Rohingyas
  • Photo: Collected
    Indonesia volcano erupts, spews ash 3 km into sky
  • A screengrab of Shakib Al Hasan speaking at Magura Awami League office on Wednesday (28 November).
    Shakib's annual income Tk5.5cr, bank loan Tk32cr
  • Caption: Illustration: TBS
    Source tax on land registration cut again
  • Treasury bill interest rate tops 11%
    Treasury bill interest rate tops 11%
  • External trade through Islamic banks in decline
    External trade through Islamic banks in decline

Related News

  • EU warns of terrorist attacks during Christmas
  • Inflation falls to 9.49% in November
  • EU wants Bangladesh to act on labour rights as pledged
  • EU representatives meet CEC
  • EU technical team to monitor election process in Dhaka

Features

Ghulam Ali

Ghulam Ali: Voice that makes ghazals bloom

9h | Features
Exploring door designs: Redefining spaces and experiences

Exploring door designs: Redefining spaces and experiences

11h | Habitat
A brain drain query: Why do they leave?

A brain drain query: Why do they leave?

16h | Panorama
The school has been flooding since June 2007 and the water level is rising every year. PHOTO: COURTESY

Will Dubai pay heed to the suffering of Sultan Al Nahyan School students in Bangladesh?

16h | Panorama

More Videos from TBS

Will the United States - Israel attack Yemen?

Will the United States - Israel attack Yemen?

2h | TBS World
Venues revealed for 2024 Copa America

Venues revealed for 2024 Copa America

3h | TBS SPORTS
Keffiyeh, the traditional garment, became the national symbol of Palestine

Keffiyeh, the traditional garment, became the national symbol of Palestine

5h | TBS World
An Argentine night in club football

An Argentine night in club football

7h | TBS SPORTS
EMAIL US
contact@tbsnews.net
FOLLOW US
WHATSAPP
+880 1847416158
The Business Standard
  • About Us
  • Contact us
  • Sitemap
  • Privacy Policy
  • Comment Policy
Copyright © 2023
The Business Standard All rights reserved
Technical Partner: RSI Lab

Contact Us

The Business Standard

Main Office -4/A, Eskaton Garden, Dhaka- 1000

Phone: +8801847 416158 - 59

Send Opinion articles to - oped.tbs@gmail.com

For advertisement- sales@tbsnews.net