{"id":145173,"date":"2023-09-01T14:48:30","date_gmt":"2023-09-01T09:18:30","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=145173"},"modified":"2023-09-01T14:48:30","modified_gmt":"2023-09-01T09:18:30","slug":"eu-inflation-outpaces-expectations-energy-prices-hold-key-to-potential-rate-hikes-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/eu-inflation-outpaces-expectations-energy-prices-hold-key-to-potential-rate-hikes-crypto-news\/","title":{"rendered":"EU inflation outpaces expectations, energy prices hold key to potential rate hikes &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<h2>Quick Take<\/h2>\n<p>The latest EU inflation data highlights a persistent trend of inflationary pressure. Year over year inflation rates are stubbornly high, reported at 5.3%, exceeding the consensus by 0.2%. Moreover, with a positive month over month figure and a year over year core inflation still at 5.3%, the situation suggests a potential for the Consumer Price Index (CPI) to re-accelerate.<\/p>\n<p>A key point made by analyst <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/f_wintersberger\/status\/1697178595754459166?s=20\">Fabian Wintersberger<\/a> is the role of energy in shaping the inflation picture. Currently, energy stands at -3.3% year over year, but without this negative impact, the Eurozone CPI would have been reported at 6.3%. Its importance becomes even more evident when considering a potential scenario where if energy prices were to turn positive, the Eurozone could face a significantly higher CPI, further increasing the likelihood of more rate hikes.<\/p>\n<p>Inflationary trends, therefore, continue to be a major force in European economic policy, with potential implications for monetary policy decisions and, by extension, the financial markets.<\/p>\n<figure id=\"attachment_354136\" aria-describedby=\"caption-attachment-354136\" style=\"width: 952px\" class=\"wp-caption aligncenter\"><figcaption id=\"caption-attachment-354136\" class=\"wp-caption-text\">EU Inflation Data: (Source: Trading Economics)<\/figcaption><\/figure>\n<figure id=\"attachment_354137\" aria-describedby=\"caption-attachment-354137\" style=\"width: 678px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-354137 size-full\" src=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2023\/08\/coree.png\" alt=\"EU Inflation: (Source: Fabian Wintersberger)\" width=\"678\" height=\"407\" \/><figcaption id=\"caption-attachment-354137\" class=\"wp-caption-text\">EU Inflation: (Source: Fabian Wintersberger)<\/figcaption><\/figure>\n<p>The post <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/cryptoslate.com\/insights\/eu-inflation-outpaces-expectations-energy-prices-hold-key-to-potential-rate-hikes\/\">EU inflation outpaces expectations, energy prices hold key to potential rate hikes<\/a> appeared first on <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/cryptoslate.com\">CryptoSlate<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Quick Take The latest EU inflation data highlights a persistent trend of inflationary pressure. Year over year inflation rates are stubbornly high, reported at 5.3%, exceeding the consensus by 0.2%. Moreover, with a positive month over month figure and a year over year core inflation still at 5.3%, the situation suggests a potential for the [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":145174,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[230,225,221,227,226,228,229,60,223,224,222],"class_list":["post-145173","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency","tag-brave","tag-coinbase","tag-crypto","tag-decentralised","tag-decentralized","tag-decentralized-exchange","tag-erc-20","tag-featured","tag-meme-coin","tag-robinhood","tag-solana"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/145173","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=145173"}],"version-history":[{"count":2,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/145173\/revisions"}],"predecessor-version":[{"id":145750,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/145173\/revisions\/145750"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/145174"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=145173"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=145173"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=145173"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}