{"id":46383,"date":"2021-06-01T15:45:28","date_gmt":"2021-06-01T11:45:28","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=46383"},"modified":"2021-06-01T15:45:30","modified_gmt":"2021-06-01T11:45:30","slug":"eurozone-inflation-exceeds-central-bank-target-in-may","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/eurozone-inflation-exceeds-central-bank-target-in-may\/06\/01\/market-updates\/","title":{"rendered":"Eurozone Inflation Exceeds Central Bank Target in May"},"content":{"rendered":"\n<p>Eurozone inflation rose above the European Central Bank&#8217;s target in May, highlighting a challenge for policymakers who may accept higher prices for now but may face a backlash from angry consumers.<\/p>\n\n\n\n<p>Inflation in the 19 countries that deal in the euro accelerated to 2% in May from 1.6% in April, driven by rising energy costs toward its fastest rate since late 2018 and above the European Central Bank&#8217;s target for inflation &#8220;just a little less than 2%&#8221;.<\/p>\n\n\n\n<p>But this is unlikely to be peak inflation, which could approach 2.5% late in the year as the recovery from the pandemic double-dip recession and recent increases in commodity prices are adding to price pressures.<\/p>\n\n\n\n<p>Core inflation, which does not include volatile food and energy costs, rose to 0.9% from 0.8%. A narrower measure, which excludes alcohol and tobacco prices, rose to 0.9% from 0.7%.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Eurozone inflation rose above the European Central Bank&#8217;s target in May, highlighting a challenge for policymakers who may accept higher prices for now but may face a backlash from angry consumers. Inflation in the 19 countries that deal in the euro accelerated to 2% in May from 1.6% in April, driven by rising energy costs &hellip;<\/p>\n","protected":false},"author":9,"featured_media":32815,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[36],"tags":[6928,6992,6987],"class_list":["post-46383","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-market-updates","tag-euro","tag-european-union","tag-inflation"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/46383","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=46383"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/46383\/revisions"}],"predecessor-version":[{"id":46384,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/46383\/revisions\/46384"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/32815"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=46383"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=46383"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=46383"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}