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Tuesday, March 21, 2023

Core inflation in the European Union continued to rise in February

piqsels.comThe most serious indicator of the state of the European Union’s financial sector has been the continued acceleration of underlying inflation. It is reported that the corresponding figure in February rose from 5.3% to 5.6%. This indicates the possibility of a negative impact on the local economy in the long term, writes <a rel=”nofollow noopener” target=”_blank” href=””>Central Press Service</a>.

A rise in underlying inflation can be perceived by the European Central Bank as a signal to continue the policy of monetary policy tightening. At the same time, the organization can seriously reduce economic incentives for local businesses with the aim of bringing inflation back to the 2% target.

To determine the rise in core inflation, experts exclude food and energy prices from their calculations.

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