Eurozone hits record inflation of 9.1% amid gas and energy crisis

2022.08.31 18:30

Eurozone hits record inflation of 9.1% amid gas and energy crisis

August marks the ninth consecutive month of rising inflation for the Eurozone at 9.1%. In July, the official inflation numbers landed at 8.9%. The Eurozone consists of 19 countries, including Germany, France and Belgium.

This comes as the European Union (EU) faces a massive energy and gas crisis, largely as a result of the ongoing conflict in Ukraine. Current prices for daily necessities such as food, gas and electricity have soared across the continent.

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