The nasty consequences of natural gas price volatility

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The story "The nasty consequences of natural gas price volatility" was covered 12 hours ago by Financial Times, a news publisher based in United States.

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Financial Times 12h ago

The nasty consequences of natural gas price volatility - Financial Times

Quick Summary:

The bad news is that European wholesale gas prices have nearly doubled over the past year, raising heating and electricity costs for households and companies alike.

The chart below shows that European prices have come down about 20 per cent compared with the recent peak on February 10.

The common understanding of “data dependence” had been that central bankers were opting to look more at published data, especially inflation figures, rather than their models because these had become unreliable.