# Record euro zone inflation piles pressure on ECB | Reuters

> Euro zone inflation hit a record reading driven by soaring energy prices, while unprocessed food inflation rose more than 5%. The food price jump adds political pressure on the ECB.

- Date: 2022-02-02 · published 2022-02-02T12:00:00.000Z
- Category: macro · region Euro Zone · magnitude medium
- Page: https://feedsoft.ai/events/9873-record-euro-zone-inflation-piles-pressure-on-ecb-reuters
- Commodities: [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Rising food and energy inflation in the euro area raises production and feed costs for European livestock producers and increases pressure for tighter monetary policy that can strengthen the euro.

## Read by commodity

- WTI: neutral
- EURUSD: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| EURUSD | 2022-02-04 | 5 | +2.6% | 3.5 | Record euro zone inflation on Feb 2 raised pressure on the ECB to tighten, setting up the hawkish repricing. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| EURUSD | 2026-09-01 | [Euro zone inflation rises above 3%, cementing ECB rate hike bets \| Reuters](https://feedsoft.ai/events/17697-euro-zone-inflation-rises-above-3-cementing-ecb-rate-hike-bets-reuters.md) | +0.1% | -2.4% |
| EURUSD | 2022-10-03 | [Euro rises amid record inflation in Europe](https://feedsoft.ai/events/9332-euro-rises-amid-record-inflation-in-europe.md) | +0.0% | +1.0% |
| EURUSD | 2024-10-31 | [Euro zone inflation, October 2024](https://feedsoft.ai/events/28068-euro-zone-inflation-october-2024.md) | -1.2% | -2.9% |
| EURUSD | 2021-09-01 | [Euro holds near one-month high after inflation jolt \| Reuters](https://feedsoft.ai/events/45265-euro-holds-near-one-month-high-after-inflation-jolt-reuters.md) | +0.2% | -1.6% |
| EURUSD | 2022-07-13 | [Euro back above parity, dollar dips after inflation surges \| Reuters](https://feedsoft.ai/events/40688-euro-back-above-parity-dollar-dips-after-inflation-surges-reuters.md) | +1.7% | +1.6% |
| WTI | 2021-03-19 | [WCU: Commodity markets consolidate with one eye on inflation \| Saxo](https://feedsoft.ai/events/5670-wcu-commodity-markets-consolidate-with-one-eye-on-inflation-saxo.md) | -2.4% | +5.3% |
| WTI | 2017-12-01 | [Crude oil prices to be under pressure in first half of 2018: S&P](https://feedsoft.ai/events/67647-crude-oil-prices-to-be-under-pressure-in-first-half-of-2018-s-and-p.md) | -1.5% | +5.3% |
| WTI | 2023-05-29 | [Inflation Shows No Signs of Cooling. What Does That Mean For Commodity Prices? \| FXEmpire](https://feedsoft.ai/events/35850-inflation-shows-no-signs-of-cooling-what-does-that-mean-for-commodity-prices.md) | -0.4% | -6.6% |

## Sources

- reuters.com: https://www.reuters.com/world/europe/euro-zone-inflation-unexpectedly-hits-new-record-high-2022-02-02/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.