Asset price inflation

The largest contributors to inflation in the Eurozone were services, food, non-energy industrial goods & energy

Greece's harmonized index of consumer prices dropped in May to below the average inflation in the eurozone for the first time since last September, according to Eurostat estimates.

The persistent profit margins of businesses, also dubbed "greedflation," and the strong demand for services, thanks to tourism, as well as the increase in Greeks' income, are the main factors that explain the high levels of inflation in Greece.

A wave of misinformation regarding Croatia's inflation rates has sparked concerns about the potential consequences of adopting the euro in Bulgaria. The spread of misleading claims, fueled by cherry-picked data and biased narratives, underscores the complexities surrounding economic discourse and public opinion.

BELGRADE - Quoting figures released by the national statistical office, the National Bank of Serbia (NBS) said on Tuesday Serbian y-o-y inflation had decelerated further, measuring 5.6 pct in February, in line with the its expectations.

Speaking on the government's decision to reduce inflated prices on certain supermarket goods on Friday, Development Minister Kostas Skrekas said that the measure will be permanent and that it tackles a decades-long malaise.

The underlying trend of inflation has started to decline, and the inflation will decrease in the second half of 2024 after reaching its peak, Central Bank Governor Hafize Gaye Erkan has said.

Consumer sentiment in Bulgaria is reflecting concerns about rising inflation. Recent data from the National Statistical Institute (NSI) reveals that consumers believe there has been a notable increase in consumer prices over the last year, and their expectations for inflation in the coming year are strengthening.

Eurostat estimated on Tuesday that European Union-harmonized inflation rose considerably in October to reach 3.9%, which is mainly attributed to food price hikes after a few weeks of natural disasters that mainly struck central Greece.

Traders in markets are looking ahead to the Federal Reserve's summer conference for signs of whether the U.S. central bank thinks inflation is under control or more interest rate hikes are needed to cool inflation.

Fed officials have used the Jackson Hole, Wyoming, conference in previous years to indicate changes in policy direction.