FRANKFURT—Euro zone inflation inched up to a new record high as expected this month, making uncomfortable reading for European Central Bank (ECB) policymakers already worried that rapid price growth could become entrenched, creating a hard-to-break wage-price spiral. Inflation in the 19-country currency bloc rose to 7.5 percent in April from 7.4 percent in March, in…
Eurozone Inflation Hits New High
The annual rate of currency inflation in the Eurozone hit a new high of 7.5 percent last month, significantly accelerating the rate of inflation and surpassing economists’ predictions, as the consequences of Russia’s invasion of Ukraine have caused prices to surge throughout Europe. On Friday, Eurostat released its inflation statistics (pdf) for the month of…
European Central Bank Policymakers Surprised With Inflation High of 5 Percent in December
Eurozone inflation hit a new record high of 5 percent in December 2021, raising more questions about the competency of the European Central Bank’s (ECB) monetary policy, which claimed that inflation was transitory. Inflation rose unexpectedly last month, making things more uncomfortable for the ECB authorities, who have consistently underestimated price pressures and the heavy…
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