'Greedflation' Ravaging Western Europe

TEHRAN (Tasnim) - Inflation continues to rage in Western Europe, with monthly consumer prices soaring by over 14% in the UK and more than 10% in Germany, according to a Nikkei report.

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Some retailers have been hiking prices out of proportion with their underlying costs, it claimed.

Roughly 50% of price increases in the region resulted from local companies passing higher costs o