Eurozone inflation surges to record high ...News

Russia Today - Economy
Eurozone inflation surges to record high
source : Russia Today ( News ) () 22
Financial conditions are worsening rapidly with some nations facing price growth of more than 20%, official data shows Inflation in the bloc of 19 countries that use the euro reached a new high of 10.7% in October, according to preliminary data, released on Monday. If confirmed by the final figures that will be issued later in November by Eurostat, it would be the first time when a monthly inflation reading crossed above 10% since the Eurozone’s formation, reinforcing fears of an impending recession. The surge was fueled by energy prices which the statistics office estimated to be 41.9% higher than in the same mon

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