European inflation forecast raised ...News

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Benchmark projected to average 8.3% this year, according to the European Commission Inflation will hit 7.6% in the Eurozone and 8.3% in Europe as a whole this year, according to the European Commission’s revised forecasts on Thursday, 1.5% up on the previous predictions. In May, the EU’s executive arm projected Eurozone inflation to hit 6.1% this year, before falling to 2.7% in 2023. Now, both forecasts have been revised up to 7.6% and 4%, respectively. The forecasts have been also revised up for Europe as a whole to 8.3% (2022) and 4.6% (2023) from 6.8% and 3.2% respectively. “Record-high inflation is now expecte

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Last updated : 16 July 2022 clock 02:20 PM

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European inflation forecast raised ...News

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