Inflation in the eurozone rose to a fresh record, underscoring the economic shock dealt by Russia’s war in Ukraine and increasing the pressure on the ECB to raise rates aggressively
How have China, Mexico and Greece handled inflation, and where does the U.S. fit in? WSJ’s Dion Rabouin explains.Inflation in the eurozone rose to a fresh record in August, underscoring the economic shock dealt byand increasing the pressure on the European Central Bank to respond by raising interest rates aggressively next week.
Eurozone consumer prices were 9.1% higher than a year earlier, a pickup from the 8.9% rate of inflation recorded in July, the European Union’s statistics agency said Wednesday. That is the highest rate since records began in early 1997.
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