January 2024

INFLATION INCREASED TO 2.9 PERCENT IN THE EURO AREA

Consumer Price Index (CPI) in the Eurozone increased to 2.9 percent on an annual basis in December. The European Statistical Office (Eurostat) published the December inflation data of the Eurozone and the European Union (EU). According to data, annual inflation in the Eurozone, which was 2.4 percent in November, reached 2.9 percent in December. CPI increased by 0.2 percent on a monthly basis in...

SECOND- HAND HOME SALES IN THE USA ARE AT THE LOWEST LEVEL IN 28 YEARS

Second-hand home sales in the USA hit their lowest level since 1995 last year, due to the impact of rising mortgage (home loan) interest rates and low housing stock. The National Association of Realtors (NAR) announced second-hand home sales data for December 2023. Accordingly, second-hand house sales in the country decreased by 1 percent on a monthly basis, seasonally adjusted, to 3.78 million in...

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