![]() ![]() He and other economists predict that core inflation will ease but stay at or above 2% this year, giving the European Central Bank some breathing room when it comes to a rate decision.ĭespite omicron surging and its uncertain effects on the global economy, central banks have been raising interest rates to fight soaring inflation or taking steps in that direction. Now, “the question is how steep the downward trend will be,” Colijn said. Prices for natural gas and oil in the futures markets suggest energy inflation likely peaked and is set to ease, he said. One big factor is natural gas prices, “which have been incredibly volatile in recent weeks and a dominant driver of the recent inflation surge,” Bert Colijn, senior economist at ING Bank, said in a report. Some economists think inflation in the eurozone will peak soon, if it hasn’t already. That mysterious rumble in Greenwich? It was a minor earthquake, U.S.Hamden police: Town man, 76, assaulted, robbed Wednesday morning.New Haven terminates director of public health nursing.Police find two dead at Route 8 crash near Shelton.Ryan Hanrahan (opinion): Why CT storm forecasts are so hard.New Haven fines early morning trash haulers following complaints.Hamden Mayor Garrett ousts acting chief assessor.
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