MNI BRIEF: US May Existing Home Sales Pace Falls 0.7% To 4.11M

MNI INTERVIEW2: Uninsured Bank Deposits Still Vulnerable-Bair

CANADA APR RETAILS +0.7%, MATCHING FORECAST, PRIOR -0.3%

MNI BRIEF: China Hopes EU To Ease Frictions Via Negotiations

MNI: PBOC Net Injects CNY8 Bln Via OMO Fri; Rates Unchanged

MNI: PBOC Sets Yuan Parity Higher At 7.1196 Fri; -1.41% Y/Y

EZ/UK Bond Supply Calendar: EU Auction, BoE APF Monday

EZ/UK T-Bill Calendar: Germany, France Auction on Monday

EZ/UK T-Bill Calendar: Germany, France Auction on Monday

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

MNI: Growth Drag From Net Zero Carbon Goal Can Be Offset-OECD

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

MNI BRIEF: EZ Nov Inflation Confirmed At Euro-Area High 4.9%

(MNI) LONDON
(MNI) London

Eurozone HICP jumped to an annual rate of 4.9% in November from 4.1% in October, confirming the flash estimate released late last month. That’s the highest level of inflation since the euro came to life in 1999. HICP rose by 0.4% between October and November, a slight downward revision form the 0.5% initially-reported gain.

Despite the rise, European Central Bank President Christine Lagarde on Thursday repeated that a rate hike is “very unlikely” in 2022. Following a meeting of the governing council, the ECB lifted its 2022 inflation projection to 3.2% from the 1.7% projected published in September.

Energy prices rose by an unrevised 2.9% in November and by 27.5% over the same month of last year, a slight upward revision from the flash estimate of 27.4%. Excluding food, energy, alcohol and tobacco, HICP rose by an annual rate of 2.5%, unchanged from the previous iteration.

MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com
DataPolicy NewsData BriefCEEMEAEurozoneEuropean Central Bank (ECB) Market NewsData StoriesBriefStoryRegion
True
MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com
DataPolicy NewsData BriefCEEMEAEurozoneEuropean Central Bank (ECB) Market NewsData StoriesBriefStoryRegion
True

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.