Related Posts
Highlights
- Inflation in European countries using euro currency shot up to another record in July
- It’s pushed by higher energy prices driven partly by Russia’s war in Ukraine
- Inflation has been running at its highest level since 1997
Inflation in the European countries using the euro currency shot up to another record in July, pushed by higher energy prices driven partly by Russia’s war in Ukraine.
Annual inflation in the eurozone’s 19 countries rose to 8.9% in July, an increase from 8.6% in June, according to the latest numbers published Friday by the European Union statistics agency.
Inflation has been running at its highest level since 1997, when record-keeping for the euro began.
Energy prices surged by 39.7%, while food prices rose by 9.8% and other goods by 4.5%.
ALSO READ: RSS weighs in on rising prices, says inflation needs to be given a serious thought
ALSO READ: Russia’s central bank slashes key rate to 8%, saying inflation slows
Latest Business News
Denial of responsibility! TechnoCodex is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your materials, please contact us by email – [email protected]. The content will be deleted within 24 hours.
