Tags: europe inflation 8.6 percent | economy

Inflation in 19 Countries Using Euro Hits Record 8.6%

Inflation in 19 Countries Using Euro Hits Record 8.6%
(Dreamstime)

Friday, 01 July 2022 05:16 AM EDT

Inflation in the 19 countries that use the euro currency hit a record 8.6% in June, pushed higher by a strong increase in energy costs fueled partly by Russia’s war in Ukraine.

Food prices also picked up pace.

Annual inflation in the eurozone surged past the 8.1% recorded in May, according to the latest numbers published Friday by the European Union statistics agency, Eurostat.

Inflation is now at its highest level since recordkeeping for the euro began in 1997.

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Inflation in the 19 countries that use the euro currency hit a record 8.6% in June, pushed higher by a strong increase in energy costs fueled partly by Russia's war in Ukraine.
europe inflation 8.6 percent, economy
79
2022-16-01
Friday, 01 July 2022 05:16 AM
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