Euro zone inflation hits yet another record high after big jump

Summary by Ground News

The eurozone economy grew by 0.7 percent on the quarter, accelerating from 0.5 percent in the first three months of the year. The strong performance was driven by rapid growth in Spain and Italy. headline inflation accelerated to 8.9 percent in July, up from 8.6 percent in June.

2 months ago

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Times of India

Inflation hits record 8.9% in 19 countries using the euro

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, but the economy still managed some meager growth.

2 months ago·Mumbai, India

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Reuters

Euro zone inflation hits yet another record high after big jump

Euro zone inflation rose to another record high in July and its peak could still be months away, keeping pressure on the European Central Bank to opt for another big interest rate increase in September.

2 months ago·United Kingdom

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The Guardian

Eurozone inflation hits record high of 8.9% as energy prices soar

Cost of living crisis comes as 19-member currency bloc beats growth forecasts in second quarterInflation in the eurozone reached a record high of 8.9% this month, closing the gap with the UK’s 9.4% rate.Dearer energy was blamed for the lion’s share of the increase from 8.6% in June, as the fallout from the Russian invasion of Ukraine continues to hammer European economies.Continue reading...

2 months ago·London, United Kingdom

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CTV News

Inflation hits record 8.9 per cent in 19 countries using the euro

2 months ago·Toronto, Canada

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The Hindu

Euro zone inflation hits yet another record high in July

Consumer price growth in the 19 countries sharing the euro currency accelerated to 8.9% in July from 8.6% a month earlier

2 months ago·India

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abc News

Inflation hits record 8.9% in 19 countries using the euro

Inflation in the European countries using the euro currency shot up to another record in July, pushed by higher energy prices driven partly by the war in Ukraine

2 months ago·United States

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