Posted on 04/01/2022 7:15:12 AM PDT by Oldeconomybuyer
LONDON (AP) — Inflation in Europe soared to another record, according to new EU figures released Friday, in a fresh sign that rising energy prices fueled by Russia’s war in Ukraine are squeezing consumers and adding pressure on the central bank to raise interest rates.
Consumer prices in the 19 countries that use the euro currency rose by an annual rate of 7.5% in March, according to the European Union statistics agency, Eurostat.
The latest reading smashed the high set just last month, when it hit 5.9%. It’s the fifth straight month that inflation in the eurozone has set a record, bringing it to the highest level since recordkeeping for the euro began in 1997.
Rising consumer prices are a growing problem around the world, making it more difficult for people to afford everything from groceries to their utility bills. Spiking energy costs are the main factor driving inflation in Europe, with those prices surging 44.7% last month, up from 32% in February, Eurostat said.
(Excerpt) Read more at apnews.com ...
Haha the Euro bonds paying negative interest!
Just the beginning. This thing is going south fast!
7.5% is a lie. It’s triple digit in some cases.
I call BS on the 7.5% rate. Its much higher.
Government and media lie about everything else - why would they not lie about highly political inflation figures? Especially since their energy costs have risen by many multiples, much higher and faster than here in the USA.
Maybe if political leaders cared about their own citizens than this wouldn’t have happened
Should have listened to Trump.
Indeed if it isn’t broke don’t try to fix it go play with the dog.
Gasoline $8.61/gallon in Germany as of 3/28.
Was that 7.5% cheaper than their NATO fees?
Don’t worry, Biden will tell the Germans to increase their car MPG to counter the increases. I call lit the “Zähler Plan.” Have the same chucking UN delegation brig it to the folks.
The Euro-peeings have done something worse.
They are running around throwing out anti-tank missiles to anybody that wants one.
And the LNG ships have to come into the Europeeing terminals through constricted waterways, known routes and times.
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