The ECB is expected to start cutting interest rates in June on the back of the latest inflation numbers. Photograph: iStock
While price growth isn’t increasing and the drop across Europe will pave the way for an expected interest rate cut by the European Central Bank in June, prices on average are still rising. food costs have increased by around 20-25 per cent over the past 2½ years. Health insurance costs have also risen on the back of medical cost inflation and other factors.
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