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Inflation hits record 5% in countries using Euro

Date: 10 January 2022 Tags: Basics of Economics
  • Consumer prices in the 19 countries that use the euro currency soared at a record rate, led by a surge in food and energy costs.
  • That is the highest level in the eurozone since recordkeeping began in 1997, breaking the record of 4.9% only just set in November.
  • A stronger rise in food costs contributed to the increase in overall inflation, picking up pace to 3.2%, higher than the 2.2% rate posted in November.