EU inflation may exceed 3% due to Middle East conflict impacting energy prices

financialpost.com

The EU warns its inflation could exceed 3% this year due to the Middle East conflict impacting oil and gas prices. This scenario assumes Brent oil remains around $100 per barrel and European gas prices stay elevated, potentially lowering economic growth by 0.4 percentage points. The conflict has already caused gas prices to surge, and further disruptions could force the European Central Bank to consider interest rate hikes.


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