{"id":25668,"date":"2022-04-01T10:21:00","date_gmt":"2022-04-01T14:21:00","guid":{"rendered":"http:\/\/irishexaminerusa.com\/wp\/?p=25668"},"modified":"2022-04-03T10:23:39","modified_gmt":"2022-04-03T14:23:39","slug":"eurozone-inflation-sours-by-7-5-per-cent-in-march","status":"publish","type":"post","link":"https:\/\/irishexaminerusa.com\/wp\/?p=25668","title":{"rendered":"Eurozone Inflation Sours By 7.5 Per Cent In March"},"content":{"rendered":"\n
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The latest reading smashed the high set last month, when it hit a revised 5.9 per cent (PA Images)<\/em><\/figcaption><\/figure>\n\n\n\n

Inflation in the eurozone has soared to another record in a fresh sign that rising energy prices fuelled by Russia\u2019s war in Ukraine are squeezing consumers and adding pressure on the central bank to raise interest rates.<\/p>\n\n\n\n

Consumer prices in the 19 countries that use the euro rose by an annual rate of 7.5 per cent in March, according to the European Union statistics agency Eurostat.<\/p>\n\n\n\n

The latest reading smashed the high set last month, when it hit a revised 5.9 per cent.<\/p>\n\n\n\n

Inflation in the eurozone has been setting records for months and is at its highest level since records for the euro began in 1997.<\/p>\n\n\n\n

The spiking price of energy has been a major factor contributing to record inflation. Eurostat said energy costs rose 44.7 per cent last month.<\/p>\n\n\n\n

Food, alcohol and tobacco costs rose 5 per cent, prices for goods like clothing, appliances, cars, computers and books rose 3.4 per cent, and service prices rose 2.7 per cent. – Associated Press Reporters<\/strong><\/p>\n

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