Tags: Europe | Economy

Inflation across Eurozone Hits Record High of 4.9%

Tuesday, 30 November 2021 06:00 AM EST

BRUSSELS (AP) — Official figures show that consumer prices across the 19 countries that use the euro currency are rising at a record rate.

Eurostat, the European Union's statistics agency, said Tuesday that the eurozone's annual inflation rate hit 4.9% in November, the highest since records began in 1997.

It was largely as a result of a huge spike in energy costs and up from 4.1% the previous month, which was the previous record high.

Like others, the eurozone, which is made up of 19 economies including France and Germany, is enduring big price hikes as a result of the recovery from the coronavirus pandemic and blockages in supply chains.

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Official figures show that consumer prices across the 19 countries that use the euro currency are rising at a record rate.Eurostat, the European Union's statistics agency, said Tuesday that the eurozone's annual inflation rate hit 4.9% in November, the highest since records...
Europe,Economy
109
2021-00-30
Tuesday, 30 November 2021 06:00 AM
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