David Mchugh, The Associated Press Auhtor Headshot Image

David Mchugh, The Associated Press

David Mchugh is a reporter with The Associated Press, an American not-for-profit news agency headquartered in New York City and founded in 1846.

Oil prices surge on Strait of Hormuz tanker disruptions Oil prices surge on Strait of Hormuz tanker disruptions

Economic Indicators

Oil prices surge on Strait of Hormuz tanker disruptions

European natural gas futures spike 42%

By David Mchugh, The Associated Press |March 2, 2026

2 min read

Inflation rose to 2.3% in Europe. That won’t stop the central bank from cutting interest rates Inflation rose to 2.3% in Europe. That won’t stop the central bank from cutting interest rates

Policy

Inflation rose to 2.3% in Europe. That won’t stop the central bank from cutting interest rates

The ECB started cutting rates in June as worries about growth came into sharper focus

By David Mchugh, The Associated Press |November 29, 2024

2 min read

Inflation in Europe falls below central bank’s 2% target Inflation in Europe falls below central bank’s 2% target

Inflation in Europe falls below central bank’s 2% target

Falling energy prices providing relief from burst of inflation that reached double digits

By David Mchugh, The Associated Press |October 1, 2024

2 min read

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