Europe inflation

Europe’s inflation took a positive turn with a significant drop to 6.1%, but prices are still posing a pinch to shoppers who are yet to see real relief in what they pay for food and other necessities. | Photo Credit: AP FrankfurtEurope's…

Inflation hit a new record in the 19 countries that use the euro currency, fueled by out-of-control prices for natural gas and electricity due to Russia's war in Ukraine. Economic growth also slowed ahead of what economists fear is a…

Despite high dependence on Russian oil, supply to most European countries has taken a hit Despite high dependence on Russian oil, supply to most European countries has taken a hit In the seven months following Russia’s invasion of…

FRANKFURT: Euro zone inflation rose to another record high this month, beating expectations and solidifying the case for further big European Central Bank rate hikes even before pries peak near the turn of the year. Consumer price growth…

The European Central Bank raised interest rates by more than expected on Thursday, confirming that concerns about runaway inflation now trump growth considerations, even as the euro zone economy reels from the impact of Russia’s war…