Ad
The Russian invasion of Ukraine has disrupted energy and food markets, causing prices to spike (Photo: Emilio Morenatti)

European inflation hits 25-year high, driven by energy spike

The annual inflation rate in the 27-country European Union was 9.8 percent in July, figures released by the EU's statistics agency showed on Thursday (18 August), while inflation in the 19 member states using the euro hit 8.9 percent.

It is the highest inflation rate reported since 1997, when Eurostat started recording statistics.

Countries most affected by high inflation are ...

To read this story, log in or subscribe

Enjoy access to all articles and 25 years of archives, comment and gift articles. Become a member for as low as €1,75 per week.

Already a member? Login
Ad
Ad

Latest News