✉news BusinessBanking first seen 2 d ago, last 2 d ago, peak #6
Eurozone inflation hits three-year high of 3.8%
Original: Eurozone inflation hits its highest level in three years at 3.8% as energy costs soar
Eurozone inflation has climbed to 3.8%, its highest level in three years, driven largely by soaring energy costs. The sharp rise far exceeds the European Central Bank's target and is fuelling debate over how long the price surge will last, with households and businesses across the eurozone feeling the squeeze from higher energy bills.
Why now: Soaring energy prices are pushing inflation well above the ECB's target, raising concerns about the cost of living and future interest rate decisions.
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