Mexican Media Brands
Eurozone Inflation Slows
A drop in energy prices caused the inflation rate in the eurozone to shrink to an annualized 0.7% from 1.1% in September the slowest pace since February 2010, Eurostat estimates.
#economics
Share
A drop in energy prices caused the inflation rate in the eurozone to shrink to an annualized 0.7% from 1.1% in September the slowest pace since February 2010, Eurostat estimates.
Core inflation which ignores the contributions of energy, food, alcohol and tobacco declined to 0.8% from 1%.
Analysts say the low inflation rate, coupled with rising unemployment, puts pressure on the European Central Bank to reduce its key interest rate from the current 0.50% set in May.
RELATED CONTENT
-
Enterprise Edges into Self-Driving Car Market
U.S. rental car giant Enterprise Holdings Inc. is the latest company to venture into the world of self-driving vehicles.
-
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.
-
China and U.S. OEMs
When Ford announced its 3rd quarter earning on October 24, the official announcement said, in part, “Company revenue was up 3 percent year over year, with net income and company adjusted EBIT both down year over year, primarily driven by continued challenges in China.” The previous day, perhaps as a preemptive move to answer the question “If things are going poorly in China, what are you doing about it?, Ford announced that it was establishing Ford China as a stand-alone business unit.