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Tags: Europe | Economy

Inflation in 19 Countries Using Euro Hits Record 8.6%

Inflation in 19 Countries Using Euro Hits Record 8.6%

Friday, 01 July 2022 06:01 AM EDT

LONDON (AP) — 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.

© Copyright 2022 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.


GlobalTalk
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...
Europe,Economy
81
2022-01-01
Friday, 01 July 2022 06:01 AM
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