Core Inflation Soars to Record High in Eurozone

The south facade of the European Central Bank (ECB) headquarters in Frankfurt, Germany, on Dec. 30, 2021. (Reuters/Wolfgang Rattay

Core inflation soared to a record high in the eurozone in January, as the bloc’s energy crisis continues.

The euro bloc is currently facing the worst energy crisis in decades, after the Russia–Ukraine war caused gas and oil prices to soar.