Eurozone inflation soars in May to record 8.1%

Eurozone inflation soars in May to record 8.1%
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Tuesday 31 May 2022 - 11:00

Eurozone inflation accelerated to another record high in May, data showed Tuesday, as the war in Ukraine stoked energy and food prices and threatened to flatline the economy.

The EU’s Eurostat data agency said that the increase in consumer prices in the 19 countries that use the euro reached 8.1 percent compared to the year before, up from 7.4 percent in April.

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