Inflation in the eurozone hit a new record this month while growth slowed during the first quarter of the year, according to official data, as the war in Ukraine takes a toll on the European region’s economy.
Spurred by skyrocketing energy prices, annual inflation soared by 7.5 percent in April, the European Union’s statistics agency Eurostat said on Friday. The figure was the highest since statistics started in 1997 and the sixth record in a row, topping the old record of 7.4 percent from March.
