Inflation in the Eurozone Hit a New Record

In July, a new absolute record of inflation was recorded in the Eurozone - 8.9% on an annual basis compared to 8.6% in June. This is stated in the published report of the European statistical agency Eurostat. Annual inflation in the Eurozone increased 3.5 times from 2.16% last year for July.

As noted by the agency, monthly inflation rose by 0.1% in July, after a rise of 0.8% in June.

Eurostat explains that