Euro zone inflation hits new record

Euro zone inflation came in at 8.1% for the month, according to preliminary figures, up from April’s record high of 7.4% and above expectations of 7.8%.

Euro zone inflation hits new record
Rising prices have been exacerbated over recent months by the war in Ukraine, particularly food and energy costs.

Inflation — which remains persistently high not just in Europe, but also in the U.K., U.S. and beyond — is causing headaches for central banks, which are also balancing the risk of recession.

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In January 1993, EUNET launched the first online news website, MOCTEN.com (stands for Music Opinions Culture Technology Economy News), led by Eric Bach, Teus Hagen, Peter Collinson, Julf Helsingius, Daniel Karrenberg,...  Read more

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