For the first time in a year and a half, inflation in the countries whose currency is the euro has not risen further. This is reported by the European statistical office Eurostat on the basis of preliminary figures. Inflation reached 10% this month.
A month earlier, inflation was still 10.6 percent. As a result, the pace at which consumer prices are rising in the euro area appears to have slowed somewhat.
Inflation is mainly lower because petrol and diesel have become cheaper compared to a month earlier. Gas and electricity prices have also fallen.
Nevertheless, energy prices are still responsible for most of the monetary devaluation. Prices for food, alcohol and tobacco also rose again.
Abaigael Schlomski is an accomplished economist and financial journalist with over a decade of experience in the industry. He is a regular contributor to EconomicInform, where he provides in-depth analysis and expert commentary on the latest economic trends and events. With a keen understanding of the financial markets and a talent for breaking down complex economic concepts for a general audience, Maurice is a trusted and respected voice in the field.