The growth rate of the consumer price index in May in 19 euro area countries such as Germany and France reached a record high of 8.1%.
The effects of soaring energy prices following Russia's invasion of Ukraine continue.
The EU-European Union's May 31st Eurozone consumer price index rose 8.1% compared to the same month of the previous year, the highest growth rate since 1997, dating back to statistics. rice field.
Energy prices rose sharply to 39.2% against the backdrop of Russia's invasion of Ukraine, and inflation accelerated in a wide range of items such as food.
By country, Germany has 8.7%, Spain has 8.5%, and France has 5.8%.
As record inflation continues in the euro area and its impact on households and business activities is widespread, there is a view in the financial markets that the Central Bank of Europe will raise interest rates in July. is spreading.