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Inflation Tops 9% in Eurozone, Piling Pressure on Policy Makers
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Inflation in the eurozone rose to a fresh record in August, underscoring the economic shock dealt by Russia’s war in Ukraine and increasing the pressure on the European Central Bank to respond by raising interest rates aggressively next week.
Eurozone consumer prices were 9.1% higher than a year earlier, a pickup from the 8.9% rate of inflation recorded in July, the European Union’s statistics agency said Wednesday. That is the highest rate since records began in early 1997.
Read more on wsj.comAbout this in other media
The Fed should pause interest rate rises as US inflation slows theguardian.com /1 year ago
European Central Bank announces largest interest rate hike in bid to fight inflation euronews.com /1 year ago
Fed’s Mester Says More Rate Rises are Needed Amid Inflation Surge wsj.com /1 year ago
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