Euro Zone Inflation Hits Another Record High of 7.5% as Russia-Ukraine War Pushes up Energy Prices

05 April 2022

Headline inflation came in at 7.5% for March on an annual basis, according to preliminary data from Europe’s statistics office Eurostat released on Friday. Headline inflation had reached 5.9% in February.

The euro zone has taken unprecedented measures to punish Russia for its decision to invade Ukraine — such as blocking the sale of luxury goods — and these sanctions are having repercussions on the euro zone economy itself.

Source: CNBC
Post by: Republic of Turkiye Ministry of Trade