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Sweden's central bank ramps up key interest rate over high inflation
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Eurozone inflation revised down to 5.2% in August
Despite the decrease, inflation still remains far above the European Central Bank's 2% objective.
Food and Drink
Less is more: Why French shoppers are angry over 'shrinkflation'
Ever heard about shrinkflation? It happens when manufacturer's make smaller product but fail to change prices. It's not a new practice but it's being increasingly noticed in France by consumers as costs rise for everyday foods and provisions.
ECB hikes interest rates again, despite threat of recession
The decision raises the ECB’s benchmark deposit rate to 4%, up drastically from minus 0.5% just a little more than a year ago and the highest since the euro was established in 1999.
EU economy loses momentum amid war, inflation and natural disasters
The European Commission has revised down its economic forecast, warning that stubbornly high prices for goods and services are "taking a heavier toll than expected."
One in four Europeans say their financial condition is 'precarious'
A new study has found that difficult financial constraints fueled by inflation have made Europeans cut off meals and consider themselves in a "precarious" condition.
Erdoğan now backs plan that includes raising interest rates: minister
Inflation in Turkey is running at nearly 60%, according to official figures, although independent economists say the real rate is much higher.
Inflation in Turkey jumps to 59%
Inflation reached 58.9% year-on-year in August in the country, the highest since December 2022, according to official data published on Monday.
Inflation in the eurozone shows no change: 5.3% in August
Inflation across the 20 countries that use the single currency remained stable in August at 5.3%, still far away from the 2% target of the European Central Bank.
Europe has a productivity problem. It can be solved from space
Innovation in the sector has a beneficial knock-on effect in all of the numerous sectors it touches. To put it more simply, if the space sector flourishes, almost every other sector thrives, too, Bogdan Gogulan writes.
Real wages are down in Europe: Which countries saw the biggest fall?
Real wages fell in most European countries after record-high inflation eroded most of the nominal wage growth. Which countries are worst impacted?
Inflation slows down in France, UK economy grows by 0.2%
France's inflation dropped to 4.3% in July, the lowest level since February last year, while the UK economy has avoided stagnation, growing 0.2% between April and June.
Food and Drink
'Exploding costs': German beer sales go flat
More than 7.6 billion litres of beer were produced inside Germany last year, official figures show. That's equivalent to 91 litres per person.
Eurozone returns to growth in the second quarter as inflation falls
Activity grew by 0.3% between April and June, while prices rose by 5.3% in July.
Eurozone inflation drops in July as growth accelerates
Inflation in the 20-country eurozone dropped to 5.3% in July, while GDP grew by 0.3% in the second quarter of 2023.
Germany expected to be only major economy not to grow this year
According to the latest figures from the International Monetary Fund, Germany's GDP is forecast to drop 0.3% this year while other countries continue to grow.
European Central Bank hikes interest rates to highest level since 2000
Christine Lagarde warned that consumer prices are still rising too fast.
UK inflation drops but remains above the target, figures show
Britain's inflation dropped to 7.9% in June, but the Bank of England's target of bringing it down to 2% remains elusive.
Croatia's tourist numbers - and prices - soar after joining Schengen
Figures released by Croatia's Ministry of Tourism show a 12 per cent increase in visitors compared to 2022.
Cost of living crisis took its toll on EU households in 2022
The EU's official statistics agency on Monday released its annual key figures for Europe providing a snapshot of the continent's economic and societal health over the past 12 months. We picked out those you must know.
Tomatoes now cost more than petrol in India
Extreme heatwaves and flooding have caused price of tomatoes to soar by 400% in India, with crops requiring 'bodyguards'.