Inflation In Europe Reaches A Record 10.7%. Economic Growth Slows Sharply

CNBC: Euro zone inflation hits record high of 10.7% as growth slows sharply

* Preliminary data on Monday from Europe’s statistics office showed headline inflation came in at an annual 10.7% this month.

* This represents the highest ever monthly reading since the euro zone’s formation. The 19-member bloc has faced higher prices, particularly on energy and food, for the past 12 months.

* But the increases have been accentuated by Russia’s invasion of Ukraine in late February.

Euro zone inflation rose above the 10% level in the month of October, highlighting the severity of the cost-of-living crisis in the region and adding more pressure on the European Central Bank.

Preliminary data on Monday from Europe’s statistics office showed headline inflation came in at an annual 10.7% this month. This represents the highest ever monthly reading since the euro zone’s formation. The 19-member bloc has faced higher prices, particularly on energy and food, for the past 12 months. But the increases have been accentuated by Russia’s invasion of Ukraine in late February.

Read more ....

WNU Editor: If interest rates are not increased significantly, and soon, inflation in Europe is only going to get worse. And when you factor in inflation, economic growth is actually in the negative.

This is what you see in an undeveloped country.

And it is going to get worse.

On December 5 the EU's embargo on Russian oil comes into effect. The disruption in oil markets and supply chains from this one act alone will result in even higher prices for oil and other energy supplies.

If you want to industrialize the EU and put the economy into a depression, this is the way to do it.

Inflation In Europe Reaches A Record 10.7%. Economic Growth Slows Sharply

Inflation hits new record in Europe, slowing economy -- AP

Euro-Zone Inflation Soars to New Record as Economy Fades -- Bloomberg

Euro zone inflation soars past forecasts to new record high -- Eurozone/Reuters

Inflation in Europe Reaches a Record 10.7% as Officials Face Hard Options -- NYTimes

Eurozone inflation jumps to record-high 10.7% -- DW

Cost of living: Eurozone inflation rises far more than expected to hit record 10.7% -- SKY News

from War News Updates https://ift.tt/3avysgI
via IFTTT

Comments

U.S. Army Conducts Gunnery Exercise With Latest Air Defense System Sgt Stout.

U.S. Army officials confirmed that a live gunnery exercise at Fort Hood, Texas, is underway, featuring the latest-generation Sgt Stout short-range air defense system. The drills mark a significant step toward full operational integration as units across the force adapt to evolving threats from drones, rotary-wing aircraft, and low-flying munitions. It matters because Sgt. Stout enhances the Army’s ability to defend forward-deployed troops and critical infrastructure from modern aerial threats. Read full Defense News at this link ... A U.S. Army SGT Stout SHORAD air defense vehicle maneuvers into firing position during live-fire training with the 6th Battalion, 56th Air Defense Artillery Regiment at Fort Hood, Texas, on October 3, 2025. (Picture source: U.S. Department of War) Read More from World Defence News https://ift.tt/NYmsS1n via IFTTT

US Budget Proposal Seeks F-22 Raptor Stealth Jet Upgrades to Protect Air Dominance

Lockheed Martin’s F-22 Raptor fighter jet is confirmed to receive major upgrades under the proposed FY2026 budget plan to ensure its sustained edge in air dominance operations, according to the U.S. Air Force Financial Management and Comptroller. Despite the emergence of sixth-generation designs, the Air Force’s dedicated $90 million budget aims to extend the Raptor’s relevance. This move underscores a broader strategy to protect critical stealth assets against evolving threats from China and Russia. It highlights a firm commitment to bridging the gap until Next Generation Air Dominance systems mature. Read full defense News at this link. The planned FY2026 viability upgrade marks a clear signal that the F-22 remains a backbone of U.S. air dominance doctrine (Picture source: U.S. Air Force) from World Defence News https://ift.tt/xebSkjs via IFTTT

Raytheon Australia Integrates Sidewinder Missile With NASAMS Launcher to Strengthen Air Defence

On June 30, 2025, Raytheon Australia integrated Sidewinder Missile on NASAMS High-Mobility Launcher strengthening ground-based air defence capabilities. In a significant demonstration at the Woomera Test Range, the Australian Army’s 16th Regiment, Royal Australian Artillery, successfully fired the AIM-9 Sidewinder missile from a Hawkei High-Mobility Launcher, marking a world-first for this missile-platform pairing. This milestone underlines the growing relevance of adaptable, layered air and missile defence systems for Australia’s national security. Read Full Defense News at this link. The successful integration of the Sidewinder missile onto the NASAMS High-Mobility Launcher represents a tangible leap in Australia’s ground-based air defence (Picture source: Australian Army) from World Defence News https://ift.tt/XxVBQHy via IFTTT

MTQ News

Search This Blog