European Central Bank

Eurozone inflation hit another record high of 9.1% as food and energy prices soar

Eurozone inflation hit another record high of 9.1% as food and energy prices soar

Inflation continues to hit new records as the European Central Bank considers another rate hike for the next month. NurPhoto / Contributor / Getty Images Eurozone inflation hit a new record high in August of 9.1%, according to flash figures from Eurostat, with higher energy prices being the main driving force. The rate was higher …

Eurozone inflation hit another record high of 9.1% as food and energy prices soar Read More »

Analysis: The pain of breaking inflation will reverberate around the world

Analysis: The pain of breaking inflation will reverberate around the world

JACKSON HOLE, Wyo, Aug. 29 (Reuters) – The message from the world’s top financial officials is loud and clear: rampant inflation is here to stay and taming it will require an extraordinary effort, likely a recession with job losses and shock waves. developing markets. This price is still worth paying, however. Central banks have spent …

Analysis: The pain of breaking inflation will reverberate around the world Read More »