Last month's consumer price index in 19 euro-region countries, including Germany and France, rose 7.5% 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 April 1, was up 7.5% compared to the same month of the previous year.



The main reason for this is that energy prices rose sharply from 32.0% in the previous month to 44.7%, and the highest growth rate since 1997, which goes back to the statistics, was updated for 5 consecutive months.



Germany has a higher inflation rate than expected at 7.6% and Spain at 9.8% in the euro area, highlighting the fact that rising energy costs are putting pressure on households and businesses in European countries. increase.



It has been pointed out that prices in the euro area may accelerate further as crude oil prices reach record highs, partly due to the effects of Russia's military invasion of Ukraine.



Central European banks have also decided to curtail quantitative easing ahead of schedule, as central banks around the world continue to steer monetary tightening to curb rapid inflation.



However, the steering of monetary policy may push the economy down more than expected, and the central bank is forced to take difficult measures.

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