Eurozone economy shrinks as inflation falls further azertag.az - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from azertag.az Daily Mail and Mail on Sunday newspapers.
The inflation that has been wearing on European consumers fell sharply to 2.9% in October, its lowest in more than two years as fuel prices fell and rapid interest rate hikes from the European Central Bank took hold.
Europe's inflation eased to 2.9% in October thanks to lower fuel prices orissapost.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from orissapost.com Daily Mail and Mail on Sunday newspapers.
The eurozone economy shrank slightly in the third quarter, hurt by the European Central Bank s painful rate-hiking campaign, but inflation slowed to its lowest level in more than two years, data showed Tuesday. Consumer price inflation in the eurozone has slowed to 2.9 percent, Eurostat data for October showed Tuesday, the lowest rate since July 2021 when it reached 2.2 percent.
The inflation that has been wearing on European consumers fell sharply to 2.9% in October, its lowest in more than two years as fuel prices fell and rapid interest rate hikes from the European Central Bank took hold