Inflation in the Eurozone Hits Record High as War in Ukraine Affects Energy Prices

Inflation in the Eurozone Hits Record High as War in Ukraine Affects Energy Prices
Workers maintain the huge Euro logo in front of the headquarters of the European Central Bank (ECB) in Frankfurt, Dec. 6, 2011. Ralph Orlowski/Reuters
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Countries in the 19 nation Eurozone are facing skyrocketing inflation as the Russian invasion of Ukraine threatens to raise energy prices throughout Europe, according to numbers released on March 2.

Consumer prices in the EU jumped 5.8 percent from a year ago in February, up from 5.1 percent the previous month, the fourth straight month inflation hit an all-time peak and is now at its highest level since the euro was first issued in 1997.

Bryan Jung
Bryan Jung
Author
Bryan S. Jung is a native and resident of New York City with a background in politics and the legal industry. He graduated from Binghamton University.
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