🧵 1. Euro zone inflation falls to 2.4% in November, below expected 2.7%. Core inflation also lower at 3.6%. Energy prices down 11.5%, food/alcohol/tobacco up 6.9%. #finance
🧵 1. Euro zone inflation falls to 2.4% in November, below expected 2.7%. Core inflation also lower at 3.6%. Energy prices down 11.5%, food/alcohol/tobacco up 6.9%. #finance
🧵 2. Inflation has cooled from peak of 10.6% in Oct 2022. Germany's inflation at 2.3%, France at 3.8%. ECB cautious as they monitor wage increases and energy markets.
🧵 3. Traders may expect earlier ECB rate cut, but tight labor market suggests rate cuts "later rather than sooner," says strategist.
🧵 4. Unemployment in the euro area remains at record low of 6.5% in Oct, despite euro zone economy contraction in Q3.
🧵 5. Signs of victory on inflation for ECB are growing, says economist. Market anticipates rate cuts in 2024, with first one possible before summer.
🧵 Read more at: https://www.cnbc.com/2023/11/30/euro-zone-inflation-sinks-to-2point4percent-below-expectations.html
Wow
It is not a nice drop actually
It's should have rise from that 2.7 to 3
The inflation that hits the world in all sectors was predicted to be seen. The growth of coins and financial involvement sets a positive atmosphere for the cause.