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Publish date3 Apr 2022 - 22:31
Story Code : 544125

European inflation soars to record 7.5% on fuel, food costs

Inflation in Europe soared to another record, according to new EU figures released Friday, in a fresh sign that rising energy prices fueled by Russia’s military operation in Ukraine.
European inflation soars to record 7.5% on fuel, food costs
Germany, Europe's largest economy, has experienced the highest inflation rate in 30 years in recent weeks.
Inflation in Europe soared to another record, according to new EU figures released Friday, in a fresh sign that rising energy prices fueled by Russia’s operation in Ukraine are squeezing consumers and adding pressure on the central bank to raise interest rates.
Consumer prices in the 19 countries that use the euro currency rose by an annual rate of 7.5% in March, according to the European Union statistics agency, Eurostat.
The latest reading smashed the high set just last month, when it hit 5.9%. It's the fifth straight month that inflation in the eurozone has set a record, bringing it to the highest level since recordkeeping for the euro began in 1997.
 
 
 
https://taghribnews.com/vdcauynmm49ny61.tgk4.html
European countries Inflation rate
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