Eurozone Inflation Reaches Record Level

Eurozone inflation data has been announced. Accordingly, annual inflation reached 8.1 percent in May. Thus, inflation broke a record for 7 months in a row.

Eurozone Inflation Reached Record Level. According to the data of the European Statistics Office, annual inflation, which was 7.5 percent in April, rose to 8.1 percent in May, exceeding expectations. Core inflation, on the other hand, rose 3.8 percent, up from 3.5 percent before. Inflation in Italy was 7.3 percent, above expectations. 5.8 percent in France; In Germany it reached 8.7 percent. German Finance Minister Christian Lindner stated that the fight against inflation is the first priority. The Russia-Ukraine war and the re-implementation of quarantine in China have triggered the increase in global inflation. Central Banks are trying to control inflation by making a decision to increase interest rates. Sources close to the subject state that the ECB, which has not yet taken a step towards increasing interest rates, is preparing for an interest rate hike for the first time in more than a decade.       You May Also Be Interested In: https://ieconomy.io/ambden-faiz-artisi-mesaji/