Consumer prices rose by 1.5% year-on-year in January compared to 1% a month earlier, a flash estimate of the Harmonised Index of Consumer Prices from the Central Statistices Office show today - the highest level in five months.

Minimum wages rose faster than inflation in most EU member states and candidate countries, leading to real wage growth across the region. Euronews Business examines these changes. View on euronews

Energy prices have come down by 2.7 per cent over the 12 months to January, according to new data from the Central Statistics Office (CSO).

Transport costs have dropped by 1.9 per cent in the month and increased by 4.4 per cent in the 12 months to January 2025.

The European Central Bank (ECB) cut its benchmark interest rate again by a quarter-point to 2.75% on Thursday as inflation nears 2% and growth remains weak.

The European Central Bank is cutting its key interest rate, a step to boost an economy that’s struggling to grow as consumers burned by inflation warily eye price tags and businesses try to chart a course amid political turmoil in leading economies France and Germany.

Investors are snapping up crude oil futures as a hedge against the risk that U.S. President Donald Trump's threatened trade tariffs will cause a resurgence in global inflation, adding momentum to a recent rally in oil prices sparked by a tightening of sanctions on Russia.

Europe’s economy stagnated at the end of last year as former growth engine Germany floundered to the end of a second straight year of shrinking output, officials said Thursday. Gross domestic product was flat with a zero increase in the final quarter of 2024 in the 20-nation eurozone,

The eurozone economy stagnated in the fourth quarter as political instability weighed heavily on the region’s two biggest countries, offsetting better performance elsewhere.

The euro zone economy stagnated last quarter as worried consumers zipped up their purses, adding to fears that a long-predicted recovery could be further delayed, Eurostat data showed today.

Against this backdrop, the ECB’s communication in the policy statement and President Lagarde’s comments will hold the key to determining the scope and timing of the next rate cuts as the Bank battles concerns over economic growth and potential tariffs by United States (US) President Donald Trump’s administration.

The Governing Council today decided to lower the three key ECB interest rates by 25 basis points. In particular, the decision to lower the deposit facility rate – the rate through which we steer the monetary policy stance – is based on our updated assessment of the inflation outlook,