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HomeWorld NewsInflation hits 9.1% in international locations utilizing euro forex

Inflation hits 9.1% in international locations utilizing euro forex

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Inflation is on the highest ranges since record-keeping for the euro started in 1997

Inflation is on the highest ranges since record-keeping for the euro started in 1997

Inflation within the European international locations utilizing the euro forex hit one other document in August, fuelled by hovering power costs primarily pushed by Russia’s battle in Ukraine.

Annual inflation within the eurozone’s 19 international locations rose to 9.1% in August, up from 8.9% in July, in response to the newest figures launched Wednesday by the European Union statistics company.

Inflation is on the highest ranges since record-keeping for the euro started in 1997.

Vitality costs surged 38.3%, whereas meals costs rose 10.6%. Costs for items had been up 5% and the price of providers rose 3.8%.

By- The Hindu

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