Inflation across eurozone hits record high of 4.9%

Official figures present that shopper costs throughout the 19 international locations that use the euro foreign money are rising at a report fee. Eurostat, the European Union’s statistics company, mentioned Tuesday that the eurozone’s annual inflation fee hit 4.9% in November, the best since data started in 1997.

It was largely on account of an enormous spike in vitality prices and up from 4.1% the earlier month, which was the earlier report excessive.

Like others, the eurozone, which is made up of 19 economies together with France and Germany, is enduring huge worth hikes on account of the restoration from the coronavirus pandemic and blockages in provide chains.