Mexican Media Brands
Eurozone Inflation Rises to 2%
Inflation in the 19-member eurozone crept up to 2% last month from 1.8% in January, according to Eurostat.
#economics
Share
Inflation in the 19-member eurozone crept up to 2% last month from 1.8% in January, according to Eurostat.
The EU agency says rising energy prices are largely to blame for raising the rate to a four-year high.
The European Central Bank targets an inflation rate just below 2%. The ECB has been trying to stimulate the eurozone economy to avoid deflation by holding it prime interest rate at zero percent and buying bonds.
Economists don’t expect the bank to abandon those programs, because the region’s core inflation rate (which ignores volatile energy and food prices) was unchanged last month at 0.9%.
RELATED CONTENT
-
On Headlights, Tesla's Autopilot, VW's Electric Activities and More
Seeing better when driving at night, understanding the limits of “Autopilot,” Volkswagen’s electric activities, and more.
-
Report Forecasts Huge Economic Upside for Self-Driving EVs
Widespread adoption of autonomous electric vehicles could provide $800 billion in annual social and economic benefits in the U.S. by 2050, according to a new report.
-
On Lincoln-Shinola, Euro EV Sales, Engineered Carbon, and more
On a Lincoln-Shinola concept, Euro EV sales, engineered carbon for fuel cells, a thermal sensor for ADAS, battery analytics, and measuring vehicle performance in use with big data