Inflation hits record 10% in 19 EU countries using euro

FRANKFURT, Germany — Inflation in the European countries using the euro currency has broken into double digits as prices for electricity and natural gas soar, signaling a looming winter recession for one of the globe’s major economies as higher prices undermine consumers’ spending power. Consumer prices in the 19-country eurozone rose a record 10% in … Continue reading Inflation hits record 10% in 19 EU countries using euro