Eurozone sees record spike in food prices ...News

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Eurozone sees record spike in food prices
source : Russia Today ( News ) () 19
Consumer costs in the 19-member currency bloc soared in June, statistics show Consumers in the Eurozone continued to cut spending on food, drinks, and tobacco last month amid a spike in prices, EU statistics office Eurostat reported on Wednesday. Data shows that costs rose by 8.9% last month on an annual basis, compared with 7.5% growth in May. Despite a marginal overall increase in retail spending, sales of food, drinks, and tobacco fell on the month by 0.3%, compounding the 2.3% slump recorded in April. Inflation has been rising steadily in the Eurozone for more than a year, reaching 8.6% in June. It is currentl

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