gold silver Wagner European inflation hits 10.7% and gold on the longest monthly decline since 1968
In Europe, it was just reported that preliminary data from Europe’s statistics office revealed that headline inflation came in at an annual 10.7% this month. CNBC said, “This represents the highest ever monthly reading since the euro zone’s formation. The 19-member bloc has faced higher prices, particularly on energy and food, for the past 12 months.”
Energy costs for example are expected to have the highest annual rise in October coming in at 41.9% an increase from September’s energy inflation which came in at 40.7% in the prior month. Food, tobacco, and alcohol prices also increased from 11.8% on September 2 to 13.1% in October. This news will certainly result in the European Central Bank dramatically pivoting from its current monetary policy to a much more aggressive monetary policy including larger rate hikes in the upcoming months to try to curtail spiraling inflation in Europe.
المملكة العربية السعودية أحدث الأخبار, المملكة العربية السعودية عناوين
Similar News:يمكنك أيضًا قراءة قصص إخبارية مشابهة لهذه التي قمنا بجمعها من مصادر إخبارية أخرى.
Gold's 7 months of losses put it on path to longest losing streak in 5 decades
اقرأ أكثر »
Inflation hits new record in Europe, slowing economyInflation hit a new record in the 19 countries that use the euro currency, fuelled by out-of-control prices for natural gas and electricity due to Russia's war in Ukraine. Economic growth also slowed ahead of what economists fear is a looming recession, largely as a result of those higher prices sapping Europeans' ability to spend.
اقرأ أكثر »
Inflation hits new record in Europe, slowing economyInflation hit a new record in the 19 countries that use the euro currency, fueled by out-of-control prices for natural gas and electricity due to Russia's war in Ukraine. Economic growth also slowed ahead of what economists fear is a looming recession, largely as a result of those higher prices sapping Europeans' ability to spend.
اقرأ أكثر »
Cash-strapped Red Lake gold miner heads to creditor protectionAll options on the table as Pure Gold Mining enters CCAA
اقرأ أكثر »
A guide to free, ad-supported streaming services in Canada to trim your monthly billsTORONTO — Keeping track of the growing number of ad\u002Dsupported video streaming options launching in Canada isn’t easy, but it can help trim your monthly bills.
اقرأ أكثر »
Oil set for monthly gain before OPEC+ begins cutting output - BNN BloombergOil fell as weak economic data from China fanned concerns about energy demand, but it was still set for the first monthly advance since May on OPEC+'s planned supply cuts.
اقرأ أكثر »