Inflation hits record 8.9% in 19 countries using the euro

By AP News

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BRUSSELS (AP) — Inflation in the European countries using the euro currency shot up to another record in July, pushed by driven partly by .

BRUSSELS (AP) — 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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Author: AP News

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Originally published by Associated Press Valuethemarkets.com, Digitonic Ltd (and our owners, directors, officers, managers, employees, affiliates, agents and assigns) are not responsible for the content or accuracy of this article. The information included in this article is based solely on information provided by the company or companies mentioned above.

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