Eurozone records first ever double-digit inflation ...News

Russia Today - News
Eurozone records first ever double-digit inflation
source : Russia Today ( News ) () 36
Consumer prices surged 10%, beating expectations and piling pressure on the ECB Consumer prices in the Eurozone saw massive year-on-year growth of 10% in September, marking a new record high that increases pressure on the European Central Bank (ECB) to aggressively tighten monetary policy. Inflation across the euro area increased from August’s 9.1% print, data from Eurostat showed Friday, beating the median forecast of 9.7%, and marking the fifth straight month of price growth outpacing analysts’ forecasts. Inflation is still being driven by spiraling food and energy costs. Energy prices, which surged at an annual

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