FRANKFURT, Germany – Eurozone inflation eased for the third straight month in January but any relief for the European Central Bank may be limited as underlying price growth held steady and concerns have already been raised about the reliability of the figures.
The drop in headline inflation is unlikely to expunge concerns among conservative policymakers that rapid price growth is becoming entrenched, a worry reinforced by high underlying inflation on Wednesday. “As the ECB’s attention is gradually turning away from the main measure and onto core inflation, we think that falls in headline inflation will do little to stem the central bank’s hawkishness,” said Mateusz Urban at Oxford Economics.
January figures are also prone to unusual volatility because of start-of-the-year price changes, economists say. ECB hawks are also likely to say that core inflation is at risk of getting stuck well above the ECB’s 2% target as the second-round effects of high energy prices feed through, potentially leading to a spiral.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
BOC hits January 2023 collection target earlyThe Bureau of Customs (BOC) has surpassed its revenue collection target four days before the end of January this year. Good job! 👏👏👏
Source: manilabulletin - 🏆 25. / 51 Read more »
RESULTS: January 2023 Licensure Examination for ArchitectsCongratulations! 🎉 PRESS RELEASE: The Professional Regulation Commission announces that 1,980 out of 3,473 passed the January 2023 Licensure Examination for Architects. Pay lots of money, go to a first rate collage, graduate but can't pass the bar. What does that teach us?
Source: rapplerdotcom - 🏆 4. / 86 Read more »
1,980 pass January 2023 Licensure Examination for Architects — PRCThe Professional Regulation Commission (PRC) on Wednesday, Feb. 1, announced that 1,980 out of 3,473 successfully passed the January 2023 Licensure Examination for Architects.
Source: manilabulletin - 🏆 25. / 51 Read more »
South Korea slides toward recession as January 2023 exports plungeSouth Korea's exports fall 16.6% in January 2023, the fastest drop in exports since May 2020.
Source: rapplerdotcom - 🏆 4. / 86 Read more »
UST grad tops January 2023 architect licensure examA graduate of the University of Santo Tomas was the highest scorer in the architecture licensure examination conducted last week, the Professional Regulation Commission reported.
Source: gmanews - 🏆 11. / 68 Read more »
Inflation to remain elevated in January — BSP“Upward price pressures for the month are expected to emanate from higher electricity rates, approved water rate rebasing, higher domestic petroleum prices, uptick in the prices of key food items, and the annual increase in sin taxes,” the BSP said in an emailed statement.
Source: gmanews - 🏆 11. / 68 Read more »