Thursday, Nov 29, 2007
High oil and food prices are increasing Euro zone inflation
FT: Inflation fears hit eurozone
Inflation is threatening fresh difficulties for the European Central Bank as it fights to calm financial markets that are casting a shadow over economic growth. Energy and food prices pushed inflation in Germany to the highest level since 1995, leading economists to forecast the annual eurozone figure, would reach 3 per cent or above and would pose a serious challenge to the ECB, which pledges to keep inflation “below but close” to 2 per cent. The Fed faces a similar dilemma in the US, where consumer price inflation hit an annual rate of 3.5 per cent last month, and could approach 4 per cent in the coming months, in spite of sharply slowing growth
Posted by who stole my pension? @ 04:17 AM (157 views) Add Comment
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