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Inflation Trends in Eurozone and US - February 2023

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Inflation Trends in Eurozone and US - February 2023

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Questions and Answers

What is the responsibility of the European Central Bank (ECB)?

To manage the stock market

To maintain the stability of the Eurozone financial system (correct)

To regulate the prices of food products

To provide loans to small businesses

What was the inflation rate in the Eurozone in November 2022?

8.5%

10.1% (correct)

5.5%

14.5%

What is underlying inflation?

Inflation that is not adjusted for unstable prices

Inflation that is adjusted for unstable prices (correct)

Inflation that only affects certain industries

Inflation that is caused by government policies

Why are some banks facing difficulties?

Due to an increase in interest rates Signup and view all the answers

Does the ECB have the necessary monetary policy instruments to support the Eurozone financial system?

Yes Signup and view all the answers

What was the YoY change in the US consumer price index (CPI) in February?

6.0% Signup and view all the answers

What caused the inflation rate in France to rise in February?

Rising food and service prices Signup and view all the answers

Study Notes

The European Central Bank (ECB) is responsible for anti-inflation policy.
Inflation in the Eurozone hit 10.1% in November 2022 and was at 8.5% in February 2023.
Underlying inflation, adjusted for unstable prices, is still on the rise.
The rise in interest rates is putting some banks in difficulty.
The ECB has confirmed it has a full range of monetary policy instruments to support the liquidity of the Eurozone financial system.
The US consumer price index (CPI) slowed to 6.0% YoY in February but remained elevated.
The basic CPI index (core) increased 0.5% MoM in February and 5.5% YoY.
Inflation in France rose to 6.2% YoY in February due to rising food and service prices.
The prices of food products increased by 14.5% YoY in February.
Growth in the cost of energy slowed markedly in February, up 14% YoY.

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Description

Explore the latest inflation data in the Eurozone and the US for February 2023, including changes in the consumer price index (CPI), underlying inflation rates, and the impact on financial institutions. Learn about the measures taken by the European Central Bank (ECB) to support the liquidity of the Eurozone financial system.