WORLD Inflation in 19 countries using euro hits record 8.6%

WORLD

Inflation in 19 countries using euro hits record 8.6%

AP

17:22, July 01, 2022

A customer pays for vegetables at the Maravillas market in Madrid, on May 12, 2022. (Photo: AP)

Inflation in the 19 countries that use the euro currency hit a record 8.6% in June, pushed higher by a strong increase in energy costs fueled partly by military operation.

Food prices also picked up pace.

Annual inflation in the eurozone surged past the 8.1% recorded in May, according to the latest numbers published Friday by the European Union statistics agency, Eurostat.

Inflation is now at its highest level since recordkeeping for the euro began in 1997.

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