Inflation drops in Eurozone
Data on the movement of consumer price indices released yesterday showed that inflation in the Eurozone is slowing down much quicker than expected.
Data on the movement of consumer price indices released yesterday showed that inflation in the Eurozone is slowing down much quicker than expected. In annualised terms, prices have risen by 10%, although they were expected to rise by 10.4%. However, core inflation, which excludes food and energy prices, has not changed in annualised terms and remains at 5%, just as it did last month. EUR/USD prices ignored news of decelerating inflation, and the euro will likely begin to rise again.
Disclaimer: The information in this article is not intended to be and does not constitute investment advice or any other form of advice or recommendation of any sort offered or endorsed by Libertex. Past performance does not guarantee future results.
Why trade with Libertex?
- Get access to a free demo account free of charge.
- Enjoy technical support from an operator 5 days a week, from 9 a.m. to 9 p.m. (Central European Standard Time).
- Use a multiplier of up to 1:30 (for retail clients).
- Operate on a platform for any device: Libertex and MetaTrader.