Eurozone inflation creeps higher ...News

Russia Today - Economy
Eurozone inflation creeps higher
source : Russia Today ( News ) () 12
The crisis in Ukraine and sanctions against Russia are pushing up energy and food prices Inflation in the Eurozone exceeded the worst expectations and hit a record 8.1% in May amid surging energy costs, according to official figures released on Tuesday. A flash estimate by European Union statistics agency Eurostat revealed that the main component of inflation in the euro area is energy, which is expected to jump by 39.2% in May, highlighting the impact of the global energy crunch amid sanctions against Russia. Food prices are projected to surge by 7.5% compared with 6.3% in April, the cost of industrial goods is e

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