#ecb-monetary-policy

#ecb-monetary-policy

Services experienced the highest annual increase at 3.4%, followed by food, alcohol, and tobacco at 2.5%. Non-energy industrial goods saw a more modest increase of 0.7%. Meanwhile, energy prices fell by 3.1% over the month, which helped to temper overall inflation pressures.

For the ECB, today's German inflation data will not change the course of monetary policy. The figures confirm that at least for the time being, inflation no longer tops the list of concerns for European policymakers.

The Eurozone economy expanded by 0.2% quarter-on-quarter in Q3, slightly surpassing expectations of 0.1% . Growth was largely supported by strong performances in Spain and France, with growth in the two economies amounting to 0.6% and 0.5%, respectively. However, the bloc's wider struggles are apparent amidst a stagnation of the German and Italian economies, both of whom narrowly avoided technical recessions.