Eurozone inflation: Italy 5.4%, Germany 2.8% — why the figures diverge
The four largest eurozone economies released October inflation data: Italy at 5.4%, Spain at 4.9%, France at 3.4%, and Germany at 2.8%. Despite a common surge in energy prices, the trajectories diverged: Germany's figure fell due to lower fuel taxes, while inflation accelerated in Italy and France. The day before, the ECB kept its deposit rate at 2.5%, and Christine Lagarde announced her resignation in February. The four largest eurozone economies have released October inflation data: Italy — 5.4%, Spain — 4.9%, France — 3.4%, Germany — 2.8%. Despite a common surge in energy prices, the dynamics diverged: in Germany the figure fell due to fuel tax cuts, while in Italy and France it accelerated. The day before, the ECB kept its deposit rate at 2.5%, and Christine Lagarde announced her resignation in February.
Aziz Karimov