fuelprices
Italy's CPI inflation figure was unchanged in the month to March while the rate of price increases came in at 1.2% on an annual basis, according to data released by the country's official statistics agency on Tuesday. Earlier forecasts had predicted a 1.3% annual rise in March, while the monthly increase was also expected to come in slightly higher, at 0.1%. "The downward trend of Italian inflation has been mostly driven by the base effect of the energy goods component, driven by the decline in natural gas prices," said Paolo Pizzoli, an ING economist covering Italy and Greece. Nicola Nobile, ...
Euronews (English)
Irish consumers will be seeing price hikes for a range of fuels, as well as mobile, broadband and television connections from Monday 1 April. The government has announced that it will be increasing its excise rates on fuel, in order to bring it back to the level it was at two years ago, when a temporary reduction was announced. Back in March 2022, Ireland had cut excise duties due to soaring fuel prices in the wake of the Russia-Ukraine war. However, since then, the government has already launched a phased plan to bring rates back to previous levels. Under this plan, the first increase was in ...
Euronews (English)
Spanish inflation picked up in March, consumer prices rose by 3.2% compared to the previous year, following the previous month's 2.8%, according to a flash estimate from the National Statistics Institute (INE). The EU-harmonised CPI in Spain rose by 1.3% in March compared to the previous month, following a 0.4% increase in February. The higher inflation figures are mainly due to an increase in electricity and fuel prices, while the prices of food and non-alcoholic beverages increased at a slower pace than in the same month last year. However, core inflation, excluding food and energy, slowed t...
Euronews (English)
US diesel exports to Europe almost halved in February to 6.65 million barrels, down from 11.44 million barrels in January, according to analysis by ship tracking firm Kpler. The drop in supply was driven by technical failures and planned refurbishments at US refineries, which has cut output to 10% below the prior five-year's seasonal average. Official government data shows that, in the week to 9 February, US distillates output fell to 4 million barrels per day, the lowest figure seen since December 2022. A key loss to the market is BP's Whiting refinery in Indiana, which shut at the start of F...
Euronews (English)
Inflation in Hungary sharply declined to 3.8% in January compared to the previous year, according to the Hungarian Statistical Office. In December, prices rose by 5.5% in a yearly comparison. The lower-than-expected headline inflation (including food and energy prices) had hit its lowest level since March 2021. The figure was partially dragged down by slowing food inflation, which was 3.6% in January (vs 4.8% in December 2023). Subdued food prices were good news for the people who had seen food prices going up more than 45% at the beginning of the last year. Energy was cheaper than last year, ...
Euronews (English)
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