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Eurozone inflation hits 9.1%, new record

Driven by soaring fuel prices caused by Russia's war in Ukraine, the yearly inflation rate in the 19-country single currency area is up from 8.9 percent in July and at its highest since records began.

August 31, 2022 / 02:41 PM IST
Inflation

Inflation

The eurozone inflation rate hit a new record of 9.1 percent in August, the EU statistics agency said Wednesday, increasing pressure on the European Central Bank to hike interest rates.

Driven by soaring fuel prices caused by Russia's war in Ukraine, the yearly inflation rate in the 19-country single currency area is up from 8.9 percent in July and at its highest since records began.
AFP
first published: Aug 31, 2022 02:39 pm
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