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10/30/22

EU: Record inflation in Europe

Inflation in the UK has surged back up to 10.1 per cent in October, the same figure recorded in July which at the time was a 40-year high.

The Office for National Statistics reported that food prices were creating the biggest upward contribution, at an annual rate of 14.6 per cent.

Eurozone inflation is also continuing to hover around record highs, with the latest estimate predicting annual eurozone inflation of 9.9 per cent - compared to 3.4 per cent a year ago.

Across the wider EU, annual inflation reached 10.9 per cent, according to the bloc's statistics body Eurostat.


Read more at: https://www.ruronews.com


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