Europe is getting a break on inflation. Price increases for the 20 countries that use the euro fell to 6.1% in May. That's down from 7% in April. But that doesn't feel like much relief for people going shopping for food and other necessities. That's because price increases this summer are coming on top of already-high prices from last year caused by the war in Ukraine. Still, the new figures are a sign that inflation is heading in the right direction. Economists say it will still be many months before inflation approaches the European Central Bank's official goal of 2%.
MACAU DAILY TIMES 澳門每日時報Europe sees inflation drop to 6.1%, but real relief will take months macaudailytimes.com.mo - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from macaudailytimes.com.mo Daily Mail and Mail on Sunday newspapers.
FRANKFURT (AP) – Europe’s inflation took a positive turn with a significant drop to 6.1 per cent, but prices are still posing a pinch to shoppers who are yet to see real relief in what they pay for food and other necessities. The annual figure in May eased from seven per cent in April for […]
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