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Eurozone Inflation Hits Fresh High as More Energy Sanctions Loom
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Inflation in the eurozone reached an annual 8.1% in May, underlining the growing cost to households of Russia’s invasion of Ukraine and of the sanctions European governments have imposed in response.
The data from the European Union’s statistics agency marked a sharp acceleration from the 7.4% rate of inflation recorded in both April and March. Consumer prices rose at the fastest pace since records began at the start of 1997.
Read more on wsj.comAbout this in other media
Sanctions are hitting hard enough to hurt Russia, if not stop it theguardian.com /2 years ago
Climate crisis is ‘battering our economy’ and driving inflation, new book says theguardian.com /2 years ago
US inflation hits 40-year high of 8.6% as food, gas and shelter costs rise theguardian.com /2 years ago
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