When you linking your Twitter Account Market Wire News Trending Stocks news and your Portfolio Stocks News will automatically tweet from your Twitter account.
Be alerted of any news about your stocks and see what other stocks are trending.
FEP - Eurozone Headline Inflation Falls But 'Core' Disappoints
First Trust Europe AlphaDEX Fund
2024-02-01 06:59:00 ET
Summary
The flash estimate shows a decline in eurozone HICP inflation from 2.9% to 2.8% in January, with core inflation declining to 3.3% from 3.4% in December. However, it's too soon to declare victory in the inflation battle.
As industry and retail are still struggling with excess inventories, non-energy industrial goods price inflation continues to fall and now stands at 2%.
Energy remains a disinflationary force, though the effect is petering out and will probably disappear completely in the second quarter, as the base effect will become less advantageous.