Inflation Hit A Record High In The Euro Zone

USA World

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CNBC: Euro zone inflation hit a new record high of 5% in December 

* Preliminary data showed Friday that headline inflation came in at 5% for the month, compared to the same month last year. 

* The figure represents the highest ever on record. 

* Money managers have been debating whether the ECB should be taking a more aggressive stance to combat rising prices. 

Euro zone inflation hit a new record high in December, raising more questions about the European Central Bank’s monetary policy. 

Preliminary data showed Friday that the headline inflation rate came in at 5% for the month, compared to the same month last year. 

The figure represents the highest ever on record and follows November’s all-time high of 4.9%. The increase was mostly due to higher energy prices. 

“After reaching 5.0% in December, headline euro-zone inflation should fall this year as the energy component plummets,” Capital Economics said in a note Friday.  

Read more ….  

WNU Editor: All of my friends in Europe are telling me that the real inflation rate is higher.

 Inflation Hit A Record High In The Euro Zone  

Eurozone inflation hits new peak at 5 percent — Politico
 

Euro zone inflation hits 5%, marking another record high — Reuters

 Inflation soars to record 5 percent in 19 countries using euro — The Hill
 

Germany: Annual inflation hits highest rate since 1993 — DW