Inflation in 19 nations using euro hits record high of 4.9 per cent

Pan Pylas, Associated Press, 30 November 2021

Consumer prices across the 19 countries that use the euro currency are rising at a record rate as a result of a huge spike in energy costs this year. Eurostat, the European Union’s statistics agency, said the eurozone’s annual inflation rate hit 4.9 per cent in November, the highest since record keeping began in 1997 and up from 4.1 per cent in October, the previous high mark. Across the eurozone, inflation is running at multiyear highs because...

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