Europe's gas price surge may feed into inflation more quickly, ECB finds
The ECB said wholesale gas price changes now reach gas inflation within 1 to 3 months in more than half of euro area countries.
9 Articles
9 Articles
Europe's gas price surge may feed into inflation more quickly, ECB ...
An analysis of Frankfurt certifies the delay of the Peninsula compared to Spain and France. The shield of renewables slows the increases in the rest of Europe, while from us the electricity remains bound to methane penalising the competitiveness of the enterprises. Accelerates the transmission of the costs to retail, with taxes and charges of system that still weigh for 27% on the final rates of light
For about a tenth of countries, the price increase will spill over within four to six months, and for a third within seven to 12 months, the report says.
Increasing gas prices could fuel euro area inflation more quickly, but the impact on electricity bills could be reduced as renewable energy occupies an increasingly important place...
The ECB said that the recent sharp rises in natural gas prices will move to eurozone inflation faster than in the past, but that this will have a less severe impact on electricity costs due to the marked expansion of renewable energy production within cartel countries. The Bank explained in an economic bulletin that structural shifts in Europe's gas market [...] the European central article: Rising gas prices threaten to accelerate inflation in …
Strong increases in natural gas prices could be transmitted faster than in the past in inflation in the area [...]
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