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Eurozone inflation hits record 10.7%
By Martin Arnold
Financial Times, London
Monday, October 21, 2022
Eurozone inflation surged to a record high of 10.7% in October, keeping the pressure on the European Central Bank to continue raising interest rates despite a sharp slowdown in growth in the third quarter.
The increase in eurozone consumer prices accelerated from 9.9% in September, which was already the highest in the 23-year history of the euro.
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The latest high, reported today by the European Commission's statistics arm Eurostat, also outstripped the 10.2% expected by economists polled by Reuters. It was the 12th consecutive month that inflation has set a record high in the eurozone, taking it to more than five times the ECB's 2% target.
Claus Vistesen, an economist at Pantheon Macroeconomics, said the latest inflation figures were "a proper Halloween nightmare for the ECB." ...
... For the remainder of the report:
https://www.ft.com/content/d783e38e-7a58-4285-b68a-55e357bb8c4b
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* * *
Toast to a free gold market
with great GATA-label wine
Wine carrying the label of the Gold Anti-Trust Action Committee, cases of which were awarded to three lucky donors in GATA's recent fundraising campaign, are now available for purchase by the case from Fay J Winery LLC in Texarkana, Texas. Each case has 12 bottles and the cost is $240, which includes shipping via Federal Express.
Here's what the bottles look like:
http://www.gata.org/files/GATA-4-wine-bottles.jpg
Buyers can compose their case by choosing as many as four varietals from the list here:
http://www.gata.org/files/FayJWineryVarietals.jpg
GATA will receive a commission on each case of GATA-label wine sold. So if you like wine and buy it anyway, why not buy it in a way that supports our work to achieve free and transparent markets in the monetary metals?
To order a case of GATA-label wine, please e-mail Fay J Winery at bagman1236@aol.com.
* * *
Support GATA by purchasing
Stuart Englert's "Rigged"
"Rigged" is a concise explanation of government's currency market rigging policy and extensively credits GATA's work exposing it. Ten percent of sales proceeds are contributed to GATA. Buy a copy for $14.99 through Amazon --
-- or for an additional $3 and a penny buy an autographed copy from Englert himself by contacting him at srenglert@comcast.net.
* * *
Help keep GATA going:
GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at:
To contribute to GATA, please visit:
