Eurozone hits 8.1% inflation as energy costs soar
Tuesday, May 31, 2022 | Tag Cloud Tags: EU, Euro, Europe, European Union, News, Russia, UK, Ukraine, Worthy News | Learn about our FREE SYNDICATION Service | Sign up for our Worthy Briefs! | Printer Friendly
(Worthy News) – Eurozone inflation hit a record 8.1% in May as energy and food costs surged partially due to the ongoing conflict between Russia and Ukraine.
The European Union statistics agency posted its latest figures on Tuesday. They exceeded the previous record for inflation in the 19 countries that use the euro, which was 7.4% in March and April. Inflation in the eurozone is hitting its highest ever level since recording began in 1997.
Energy prices have jumped an astounding 39.2% as families across the Atlantic deal with many of the same financial concerns that families in the U.S. have been discussing around the kitchen table. [ Source: Just the News (Read More…) ]
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