Eurozone inflation falls for the first time in over a year
FOX NewsJUL 2022
While the road to economic recovery is far from over, the latest data brings much-needed relief to the eurozone's tumultuous economic environment and signals that the ECB's strategy may finally be working, strengthening the case for more moderate ECB action next month. This is good news.
Although this is a welcomed reverse to months of unabating price increases, it's too soon to ease monetary tightening. Inflation may have eased in November, but so did economic growth — the eurozone isn't out of the woods, and to pretend otherwise would have disastrous consequences.