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Europe’s inflation slows again but cost of living still high

December rate of 9.2% down from 10.6% in October but energy prices up 25.7%

variety of euro coins and bills

ECB joins Fed in easing pace of rate hikes

The Bank of England and Swiss National Bank also dialed back their increases

Inflation causing price rising up, overvalued stock or funds, consumer purchasing power reducing concept, air balloon tied with product price tag flying high rising up in the sky.

Inflation in Europe eases but still in painful double digits

CPI in the 19 countries hit 10% in November, down from 10.6% in October for the first decrease since June 2021

EU and UK flags

EU expects recession to hit this year, U.K. GDP drops in Q3

Britain’s GDP dropped 0.6% in September while recession will start in Q4 for most EU nations

European Union headquarters

Europe sees fastest pace of rate hikes since euro launched

The ECB raised interest rates again on Thursday, with more expected to come

European Union headquarters

Europe’s outlook “darkening,” ECB head hedges on recession

Christine Lagarde said the bank's baseline scenario was subdued economic growth

European Union headquarters

European Central Bank makes largest ever interest rate hike

The ECB's benchmark is now 1.25% for lending to banks, with more hikes on tap

European Union headquarters

Recession now likely for Europe amid gas shutdown

Russian gas shock to have damaging supply and demand impacts, Fitch says

global markets

Inflation hits 9.1% in countries using euro currency

Energy prices rose 38.3% in August in euro zone

variety of euro coins and bills

Inflation hits record 8.9% in euro area, but economy grows

ING warns of ‘no imminent signs of relief’ as energy prices rise nearly 40% in eurozone