Economy - Finance > Bank
Eurozone inflation smashes historic high
12 days ago | By RT
Consumer prices rose by 8.9%, the highest ever recorded
Inflation in the Eurozone hit the highest level on record in July, reaching 8.9%, preliminary data from the European Union Statistics Office showed on Friday.
The result is worse than the expected consumer price growth of 8.6% and was far above the European Central Bank's 2% target.
The index rose 0.3% month on month after rising 0.8% a month earlier.
Analysts mostly attribute soaring inflation to higher energy prices, which rose 39.7% year on year this month, after jumping 42% in June. However, analysts state that processed food and...
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Recession Watch: Eurozone Beats GDP Estimates But Its Largest Economy Germany Reports 0% Growth
12 days ago | By Forbes
Eurozone GDP growth beat analyst estimates Friday, but the region's inflation hit a record high of 8.9% amid uncertainty about energy supplies.
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Eurozone Economy Grows Faster Than Expected, but So Does Inflation
12 days ago | By NY Times
Consumer prices in countries that use the euro increased by 8.9 percent in July, another record fueled by energy prices, as the bloc's economy expanded by 0.7 percent in the second quarter.
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Alert: Inflation in the 19 European countries that use the euro currency soars to another record, hitting 8.9% in July
12 days ago | By Chron
BRUSSELS - Inflation in the 19 European countries that use the euro currency soars to another record, hitting 8.9% in July.
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Inflation hits record 8.9% in 19 countries using the euro
12 days ago | By Chron
BRUSSELS - Inflation in the European countries using the euro currency shot up to another record in July, pushed by higher energy prices driven partly by Russia's war in Ukraine.
Annual inflation in the eurozone's 19 countries rose to 8.9% in July, an increase from 8.6% in June, according to the latest numbers published Friday by the European Union statistics agency.
Inflation has been running at its highest level since 1997, when record-keeping for the euro began.
Energy prices surged by 39.7%, while food prices rose by 9.8% and other goods by 4.5%.
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