DailyHum Logo
Euro zone inflation hits record high in likely peak
Nov 30, 2021 | Yahoo Finance
Picture - Euro zone inflation hits record high in likely peak

FRANKFURT (Reuters) - Euro zone inflation soared to its highest rate on record this month on surging energy costs, likely peaking before a slow decline that will keep it uncomfortably high for much of the next year, data from Eurostat showed on Tuesday.

Consumer price growth in the 19 countries sharing the euro accelerated to 4.9% in November, by far the highest level in the 25 years since the figure has been compiled, up from 4.1% a month earlier and well ahead of expectations for 4.5%.

Sponsored
17 hours ago | Yahoo Money
Debt Settlement Pros and Cons