News > Eurozone inflation hits record

Eurozone inflation hits record

The Week | 31/05/2022 05:38 PM | Click to read full article

Inflation in the 19 countries that use the euro currency hit a record 8.1% in May amid surging energy costs prompted in part by Russia's war in Ukraine, authorities said Tuesday.

Annual inflation in the eurozone soared past the previous record of 7.4% reached in March and April, according to the latest data from European Union statistics agency Eurostat.