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
-
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.
-
MTU Research to Boost Fuel Economy ~20%
Researchers are using V2X communications and other methods to provide vehicles with a significant increase in fuel economy.
-
What Suppliers Need to Know Right Now
This is a time of reckoning for the auto industry, says Paul Eichenberg. He has some recommendations as to how companies can make their way through it.