Eurozone inflation hits record high ...News

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Eurozone inflation hits record high
source : Russia Today ( News ) () 17
Soaring energy prices remain the main driving force Inflation in the Eurozone spiked to a record high of 9.1% in August, according to flash figures from Europe’s statistics office, Eurostat, published on Wednesday. The indicator overshot analysts’ expectations, who forecasted a rate of 9%. The price growth was driven largely by spikes in energy and food costs. Energy showed the highest annual inflation rate of 38.3%, down slightly from 39.6% in July. Food, alcohol, and tobacco were up 10.6% compared to 9.8% in July. Prices on industrial goods, such as clothing, household appliances, and cars, were up 5% year-on-ye

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