Author: Euronews

Prices increased more slowly than expected in March according to official figures, fuelling hopes for an ECB rate cut. ADVERTISEMENTGerman inflation eased in March to an annual rise of 2.3%, according to preliminary data released by the country’s official statistics office on Tuesday.This is down from February’s reading of 2.7%, showing that, while prices are still increasing, they are doing so at a slower pace.2.3% is the harmonised inflation rate which means that it is adapted for comparison with eurozone countries.Germany’s standard consumer price index (CPI) was up 2.2% this month compared with the same period a year earlier, and…

Read More

Lower prices for electricity, gas and other fuels helped Poland to slam the breaks on inflation. ADVERTISEMENTPoland’s annual rate of inflation slowed to 1.9% in March 2024 from 2.8% in the previous month, beating market forecasts of 2.2%.New figures published by Statistics Poland on Friday showed that prices are rising at their slowest annual rate since March 2019.Lower prices for electricity, gas and other fuels were some of the largest contributors to Poland slamming the breaks on inflation, as they were down by -2.6%.On the other hand, the cost of food and non-alcoholic beverages rose by 0.2%, and, on a monthly…

Read More