Inflation in the 19 countries that share the euro currency jumped to a record high in May, according to Eurostat, the E.U.’s statistical agency, with soaring energy prices driving the bulk of the uptick.
Eurostat said in a June 17 statement (pdf) that inflation in the euro area jumped to an annualized 8.1 percent last month, up from 7.4 percent in April and the fastest pace on record.
