B[The Chief Economist of the European Central Bank warns that a new round of energy shocks will cause inflation to last longer] On September 22, Philip Lane, the Chief Economist of the European Central Bank, told the Swiss newspaper Le Temps that a new round of high energy prices means that inflation in the euro area will last longer than initially expected. “We are seeing a second wave of rising prices, not just for oil but for natural gas as well,” he said in an interview on Tuesday. "We believe that a second round of energy price increases will lead to higher and more persistent inflation before inflation falls back toward our target from mid-2027." "The second round of energy price increases we are seeing now should put upward pressure on food prices, energy prices broadly such as electricity, and overall commodity prices," Lane said. "On the other hand, pressure on the services sector should remain manageable."
"If the shock this fall is stronger and lasts longer, it will put pressure on the economy," Lane said.
"But if the shock is mild, some positive factors should support growth, such as large-scale public spending in parts of Europe," he said. “In particular Germany’s infrastructure and defense investment plans, and the EU’s ‘Next Generation EU’ programme.” B[Gucci quietly cuts prices, and the price of bags and ready-made clothes in the Chinese market can drop by up to 30% to 40%] On September 8, Jiemian Fashion discovered that the luxury brand Gucci has recently completed a new round of price adjustments. However, this time it is not a price increase, but a price reduction. And the price cuts include not only bags, but also ready-to-wear. Specifically, the price of Gucci’s new Mercato small tote bag, which will be launched in the spring and summer of 2026, has dropped from 25,500 yuan to 20,000 yuan, a decrease of approximately 27%. The Ophidia series of mini bucket bags have dropped from 3,600 yuan to 8,700 yuan, a drop of more than 40%. The GG Marmont series small bucket bag, which previously sold for more than 10,000 yuan, is currently priced at 8,100 yuan. In the ready-to-wear section, price cuts on canvas dresses, one-piece swimsuits, wool cardigans, etc. are generally around 30%. (Interface News reporter Lou Jingqin)
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