Annual inflation rate in the Euro Area increased to 8.1% in May of 2022, a fresh record high, from 7.4% in each of the previous two months and well above market forecasts of 7.7%. Preliminary estimates showed energy prices continue to record the biggest increase (39.2% vs 37.5% in April) although there is a widespread price increase, including for food, alcohol and tobacco (7.5% vs 6.3%), non …
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