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Warmer Weather Helps Ease Europe’s War-Driven Inflation Surge
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Lower energy costs as Europe enjoys a mild start to winter have helped slow the eurozone’s annual rate of inflation to single digits, but consumer prices are still rising too quickly for policy makers at the European Central Bank, who have signaled they intend to raise their key interest rate again in the near future.
A surge in energy prices in the months following Russia’s invasion of Ukraine pushed eurozone inflation sharply higher, and above its U.S. equivalent from midyear, but warmer-than-usual temperatures and government caps helped reverse that move as the year drew to a close.
Read more on wsj.comAbout this in other media
Europe’s Mild Winter Cushions Economic Blow of Ukraine War wsj.com /1 year ago
Europe’s Mild Winter Cushions Economic Blow of Ukraine War wsj.com /1 year ago
Europe’s Mild Winter Cushions Economic Blow of Ukraine War wsj.com /1 year ago
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