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The Guardian - UK
The Guardian - UK
Business
Phillip Inman

Eurozone inflation hits record high of 8.9% as energy prices soar

A truck drives past the receiving station for the controversial Nord Stream gas pipeline
Soaring gas prices are driving up inflation across the eurozone. Photograph: Christian Ender/Getty Images

Inflation in the eurozone reached a record high of 8.9% this month, closing the gap with the UK’s 9.4% rate.

Dearer energy was blamed for the lion’s share of the increase from 8.6% in June, as the fallout from the Russian invasion of Ukraine continues to hammer European economies.

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