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France 24
France 24
Business
NEWS WIRES

Eurozone inflation hits record 8.9% despite better-than-expected growth

In this March 11, 2021 file photo, a man walks past the Euro sculpture in Frankfurt, Germany. © Michael Probst, AP

Inflation in the European countries using the euro currency shot up to another record in July, pushed by higher energy prices fueled by Russia's war in Ukraine, but the economy still managed better-than-expected, if meager, growth in the second quarter.

Annual inflation in the eurozone’s 19 countries rose to 8.9% in July, an increase from 8.6% in June, according to numbers published Friday by the European Union statistics agency.

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