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Inflation is falling faster than anticipated
The Eurozone was one of the regions affected the most by the energy price shock following the Russian invasion of Ukraine. Due to its high dependence on Russian gas, energy prices skyrocketed in Europe.
Throughout 2023, energy prices declined to more normal levels. This has also led to a significant drop in price pressures across all Eurozone economies: In recent months, inflation rates have fallen much faster than anticipated. The Eurozone’s inflation rate now stands at 2.9% and is expected to decline further next year and therefore fall within reach of the European
