Inflation in eurozone hits record high of 4.9%
- Date: 01-Dec-2021
- Source: Euronews
- Sector:Financial Markets
- Country:Gulf
Inflation in eurozone hits record high of 4.9%
Consumer prices across the 19 countries that use the euro currency are rising at a record rate as a result of a huge spike in energy costs this year, official figures showed Tuesday.
Eurostat, the European Union's statistics agency, said the eurozone's annual inflation rate hit 4.9% in November, the highest since recordkeeping began in 1997 and up from 4.1% in October, the previous high mark.