Inflation hits record of 5% in 19 countries using the euro

2 weeks ago 16

The emergence was led by a surge successful vigor prices, according numbers released Friday by the European Union's statistical office

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Inflation | Euro

AP | PTI  |  London 

inflation

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Consumer prices successful the 19 countries that usage the euro currency deed a grounds precocious of 5% successful December compared with a twelvemonth earlier.

The emergence was led by a surge successful vigor prices, according numbers released Friday by the European Union's statistical office.

Inflation is present astatine the highest level successful the eurozone since recordkeeping began successful 1997 and broke a grounds acceptable successful November.

Soaring prices are compounding problems for European Central Bank policymakers who person been keeping involvement rates astatine ultra-low levels to stimulate the economy amid the planetary pandemic.

(Only the header and representation of this study whitethorn person been reworked by the Business Standard staff; the remainder of the contented is auto-generated from a syndicated feed.)

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First Published: Fri, January 07 2022. 17:20 IST

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