International
Inflation Hits New Record In Europe
EUROPE – Russia’s war with Ukraine blamed for record inflation in 19 European countries fueled by out-of-control gas prices.
EUROPE – Russia’s war with Ukraine blamed for record inflation in 19 European countries fuelled by out-of-control gas prices.
There are also fears that slowing economic growth could lead to a recession.
Annual inflation reached 10.7% last month up from 9.9% the month before.
These are the highest statistics in the eurozone since 87.
The inflation outbreak is an international phenomenon sending price increases to a 40-year high as seen in the U.S. as well.
Euro-state figures show food, alcohol, and tobacco increasing by 13.1% with energy prices rising an astronomical 41.9% a year earlier.
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