Last month's consumer price index in 19 euro-region countries, including Germany and France, rose 5.8% year-on-year, setting a new record high against the backdrop of soaring energy prices.
Last month's Eurozone consumer price index, released by the EU-European Union on the 2nd, rose 5.8% compared to the same month of the previous year.
Energy prices have risen sharply by 31.7%, setting the highest growth rate since 1997, dating back to statistics, for the fourth straight month.
It has been pointed out that the rise in prices in the euro area may accelerate further as Russia's military invasion of Ukraine raises concerns about supply stagnation from oil-producing country Russia and soaring crude oil futures prices.
So far, central banks in Europe have been cautious about tightening monetary policy, as the world's central banks have taken a major stake in monetary tightening to curb inflation.
However, policy steering is becoming more difficult as the central bank of Europe continues to exceed its target of 2% inflation for a long time.