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02/10/2011 00:00 AST
Eurozone annual inflation increased unexpectedly in September to the highest level since October 2008.
Though inflation stays above the target, the central bank is expected to cut interest rates next week to alleviate concerns over the region's debt woes. But the latest unexpected surge in inflation raises suspicion over the rate cut move.
Annual inflation rose to 3 percent from 2.5 percent in August, a flash estimate from Eurostat showed Friday. The annual rate was expected to remain steady at 2.5 percent.
Higher energy and food prices were likely to be the factors behind the acceleration. The breakdown of September consumer prices will be released by the statistical office on October 14.
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RTT News
| Ticker | Price | Volume |
|---|
| Index | Closing | Change |
|---|---|---|
| NIKKEI 225 | 36,581.76 | -251.51 (-0.68 |
| DAX | 18,699.40 | 181.01 (0.97 |
| S&P 500 | 5,626.02 | 30.26 (0.54 |
27/03/2025
President Donald Trump signed a proclamation to implement a 25 per cent tariff on auto imports, expanding a trade war designed to bring more manufacturing jobs to the US and setting the stage for an
Bloomberg
26/03/2025
Oil prices were little changed on Tuesday as markets weighed the impact of newly announced US tariffs on countries that buy Venezuelan oil and the uncertain outlook for global demand.
Brent
Reuters
25/03/2025
Global energy demand saw an above-average annual rise of 2.2 percent in 2024, fueled by rising electricity consumption and growth in emerging economies, according to a new report.
Analysis b
Arab News
24/03/2025
Global economic growth is expected to average around 3.1 percent in the next five years, below the pre-pandemic level of 3.7 percent, according to an International Monetary Fund official.
Sp
Arab News
24/03/2025
Global borrowing hit a record $25 trillion in 2024, a $10 trillion surge from pre-pandemic levels, sparking concerns over sustainability, a new report showed.
The Organization for Economic C
Arab News
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