Eurozone Services Slowdown: What This Disinflation Signal Means for Your Investments and Business Growth
Food inflation picking up
“Core inflation was in line with expectations at 2.3%. The drivers of the surprise in the headline figure were less disinflation in energy than had been signalled by wholesale energy prices, and a renewed pickup in food inflation, which rose to an 18 month high of 3.3%. While well off the peak of 15.5% during the energy crisis, food inflation bears close watching as research suggests that households tend to be more sensitive to food prices, making it an important driver of inflation expectations.”
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