In July, inflation within the eurozone inflation reached an all-time excessive of 8.9 per cent. That’s 4 occasions greater than the identical interval final 12 months when it was at 2.2 per cent.
Throughout Europe, the results of rising inflation are already being felt as meals and petrol costs soar.
The COVID-19 pandemic and the warfare in Ukraine are principally blamed for the state of affairs, because the ensuing disruption of provide chains places monumental strain on on a regular basis items and companies.
The rising stress of gasoline shortages can also be including gas to the hearth as fears mount that our homes will likely be chilly this winter.
However what is de facto happening? To is smart of the numbers, Euronews Subsequent spoke to French financial system specialists who defined what inflation is, what causes it and the way the state of affairs and its affect might be dealt with.
For extra on this story, watch the video within the media participant above.
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