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Inflation

Economy

European gas prices hit highest point since March, worse may follow

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Markets

World markets mixed as oil and gold rise ahead of US inflation data

Oil prices climbed and Wall Street pulled back from record highs, while South Korea's Kospi surged more than 4% on renewed chip-buying, as markets brace for a crucial US inflation reading.

Economy

Ice cream economics: How long do you have to work for one scoop?

In an indicative comparison of prices in 10 European countries, Euronews found that affording a scoop of ice cream required the most working time in Greece — nearly three times as much as in Germany.

Economy

Eurozone inflation hits 2.9%: Where did prices rise most?

Eurozone inflation rose to 2.9% in July, but price pressures varied widely across member states. Here's where inflation accelerated, eased and how markets reacted.

Economy

Bank of England holds interest rates at 3.75% despite inflation risks

Although UK inflation fell in June, the Bank of England held interest rates steady as renewed conflict in the Middle East and volatile energy prices clouded the outlook.

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Economy

Spain inflation rises to 3.5% in July on fuel and electricity prices

Rising fuel and electricity prices push inflation up to 3.5% in July, while core inflation also edges up by 0.1 points.

Economy

Fed holds interest rates steady as three policymakers demand hike

The Federal Reserve held its key interest rate steady on Wednesday despite persistently high inflation and an Iran war-driven surge in energy prices.

World News

Russian central bank cuts GDP growth forecast to zero

Russia's central bank has cut its 2026 GDP forecast to 0.0-1.0% and expects faster inflation as the fuel crisis drives up prices for many goods and services, its head Elvira Nabiullina said.

Economy

ECB hostage to oil prices? Lagarde leaves door open for September hike

ECB President Christine Lagarde warned that surging oil prices could shape the September rate decision, leaving the door open to another interest rate hike at the next meeting.

Economy

ECB holds rates at 2.25% as reignited Iran war boosts inflation fears

The European Central Bank left interest rates unchanged on Thursday, pausing after June's first hike in three years as easing inflation bought policymakers time, while renewed fighting in the Middle East caused a new rise in energy prices, keeping another hike firmly on the table for autumn.

Economy

Eurozone inflation at 2.8%: Will it be enough for the ECB to pause?

Eurozone inflation was confirmed at 2.8% for June on Friday, marking the first decline this year and giving the European Central Bank a timely argument to keep its deposit facility rate unchanged at 2.25% when it meets this week.

Economy

Does your salary buy as much as five years ago? Europe compared

Real wages fell by almost 2% in the eurozone between early 2021 and early 2026, but the impact on workers’ purchasing power varied sharply across Europe. Euronews Business examines where wages gained and lost the most — and why.

Economy

Inflation steady at 3.2% in June despite rising electricity prices

INE confirms June annual inflation at 3.2%. Dearer electricity after the end of reduced VAT offset cheaper fuel, while core inflation fell to 2.9%.

Economy

IMF confirms Italy growth forecast: GDP +0.5% in 2026 and 2027

The IMF has also lifted its 2026 global inflation forecast to 4.7%, citing rising energy and commodity prices and risks from tensions in the Middle East.

Economy

Inflation tumbled in June: where did prices cool the most in Europe?

Inflation fell more than expected across the single-currency bloc in June, easing pressure on the European Central Bank (ECB) and reviving hopes that the energy-driven spike triggered by the war in the Middle East is finally fading.

Europe News

Almost one in three Europeans expect standard of living to decline

Rising prices and the cost of living top the concerns in almost all EU countries, according to the new Eurobarometer. In France and Austria, pessimism could be linked to a negative image of the European Union.

Economy

Iran's inflation spiral deepens as rial slides and tensions rise

As Iran's rial falls to record lows amid escalating military tensions in the Persian Gulf, a sharp rise in inflation is pushing up the cost of basic necessities, with low-income households and rural communities bearing the brunt of the crisis.