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Reviews euro zone: Inflation increases to record 8.6 percent

03:21  20 july  2022
03:21  20 july  2022 Source:   rp-online.de

Euro course benefits briefly from significant interest increase

 Euro course benefits briefly from significant interest increase The euro prilated heavily on Thursday according to the monetary policy decisions of the European Central Bank (ECB). The bottom line, however, has changed the community currency little compared to the previous evening. In the afternoon, the euro course was noted at $ 1.0191. The European Central Bank (ECB) set the reference course to $ 1.0199 and thus at the level of Wednesday. The dollar cost 0.9805 euros.

Inflation in the euro zone continued to accelerate in June and again reached a record value. Compared to the same month last year, consumer prices increased by 8.6 percent, as the Eurostat statistics office announced on Tuesday in Luxembourg. An initial estimate was confirmed. In the previous month, the cost of living had increased by 8.1 percent.

Die Inflation in der Eurozone hat sich im Juni weiter beschleunigt und abermals einen Rekordwert erreicht. © Christophe Gateau/dpa Inflation in the euro zone further accelerated in June and achieved a record again.

Inflation in the euro area has never been so high since the introduction of the community currency as a book money in 1999. Since last summer, the inflation has increased continuously, although record values ​​have recently been reached. The war in Ukraine and the hard Corona measures in China tightened the price bullet. The latter also led to problems in the global supply chains.

record value: Inflation in Eurozone increases to 8.9 percent

 record value: Inflation in Eurozone increases to 8.9 percent Inflation in the euro zone accelerated in July and achieved a record again. Compared to the same month last year, consumer prices increased by 8.9 percent, as the Eurostat statistics office announced on Friday. © dpa-tmn symbol image This is the highest rate since the introduction of the euro as a book money in 1999. In the previous month, consumer prices rose by 8.6 percent. Experts had expected an acceleration to 8.7 percent. was driven again by the energy prices, which increased by 39.7 perc

drivers are prices for energy and food

video: Inflation in the euro zone increases to a new maximum value (dpa afx)

. Food and luxury foods were 8.2 percent more expensive than a year ago. Below average, but also significantly, other goods (4.3 percent) and services (3.4 percent) were more expensive.

The core inflation, in which particularly fluctuating prices of energy, food and luxury foods are not taken into account, slightly fell from 3.8 percent to 3.7 percent. The three Baltic States Estonia (22.0 percent), Latvia (19.2 percent) and Lithuania (20.5 percent) showed the highest inflation rates in the currency area.

The European Central Bank (ECB) has promised a first interest rate increase for eleven years. In the inflation struggle, however, it lags many other central banks significantly behind. The ECB's inflation goal of two percent has been clearly exceeded for a long time.

Faced with inflation and for salary increases, a large trains strike in the United Kingdom .
© Copyright 2022, the Obs The British rail is almost stopped on Saturday October 1 after the main rail unions have Decided by a new day of collective mobilization, the largest strike of the year, to request an increase in wages in front of record inflation. This is the first time this year that four transport unions - RMT, Unite, ASLEF, TSSA - coordinate for a joint action day. Only 11% of trains will run in the country, with many regions without any service.

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