Gate.io: Eurozone inflation will ease due to weakened demand.

GoldenOctober2024

2024-11-29 13:10:30

BERT-1,21%

On November 29, Jinshi data reported that Bert Colijn, an economist at ING, wrote in a report that due to weak demand, the eurozone may see a decline in inflation next year. In November, the euro area’s CPI rose by 2.3% year-on-year, pushing the inflation rate above the target set by the European Central Bank. However, Colijn said that the core inflation rate remained stable, and with weakening demand in the 20 member countries of the eurozone, it should decrease in the coming months. He said, “The labor market is softening, and we expect that wage growth will slow down next year.”

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