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New inflation record in the eurozone

Published 7 January 2022 at 15.13

Economics. So-called “transient inflation” continues to rise in the eurozone. Consumer prices increased by 5 per cent year-on-year in December, compared with an inflation rate of 4.9 per cent in November.

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Inflation is the highest since the introduction of the euro and higher than expected, writes Bloomberg.

However, the news does not automatically mean that the European Central Bank (ECB) is expected to reduce stimulus measures or raise interest rates. The euro zone, like Sweden, is dependent on almost free access to free money to finance various contributions, not least to southern Europe.

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