European policymakers will have breathed a sigh of relief Wednesday as a key measure of inflation revealed the first drop in prices since 2020
Prices charged by factories in the 20 countries that share the euro currency fell 1.5% in May compared with the same month last year, according to data from the European Union’s statistics agency. That’s the first time producer prices — which feed into prices paid by consumers — have notched a year-on-year decline since December 2020. The drop was driven by a steep 13.3% annual fall in producer prices in the energy sector, the data showed.
The ECB has been trying to take the heat out of price increases over the past year by jacking up interest rates. In June, the central bank hiked benchmark borrowing costs to 3.5%, their highest level in over 22 years. Producers, however, have less to celebrate. According to June survey data published Tuesday, factory output in the euro area recorded its steepest fall since October.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Beyond Georgia, New Report Shows Trump Also Tried to Pressure Arizona Officials to Overturn 2020Former President Donald Trump pressured former Arizona Gov. Doug Ducey to overturn the results of the 2020 presidential election in the state, weeks after he lost to President Joe Biden.
Consulte Mais informação »
U.K., Canada, Sweden, Ukraine take Iran to U.N. court over 2020 downing of Ukrainian passenger jetThe United Kingdom, Canada, Sweden and Ukraine launched a case against Iran at the United Nations’ highest court Wednesday over the downing in 2020 of a Ukrainian passenger jet and the deaths of all 176 passengers and crew.
Consulte Mais informação »
Tatum O’Neal reveals 2020 overdose led to stroke, 6-week coma: ‘I almost died’The actress, who has long struggled with substance abuse, overdosed on “a combination of pain medication, opiates, and morphine,” which left her in a coma for six weeks.
Consulte Mais informação »
Jung Kook Solo Singles 'My You' and 'Still With You' Finally Get Streaming ReleaseJung Kook's latest solo release is scheduled to arrive on July 14, but he’s kicking things off early with two not-so-new singles: “My You” and “Still With You.”
Consulte Mais informação »
MF Doom’s Wife Reveals Rapper’s Cause of DeathThe mysterious mask-wearing MC died suddenly in Oct. 2020.
Consulte Mais informação »
Amazon rolls out first European Rivian vans in GermanyE-commerce giant Amazon will deploy its first European vans from U.S. electric vehicle (EV) maker Rivian in Germany over the coming weeks as part of long-term plans to electrify its transportation network, it said on Tuesday.
Consulte Mais informação »