Inflation jumped after countries emerged from Covid lockdowns and it has soared since Russia invaded Ukraine, with the IMF expecting consumer prices to rise by 8.3 percent globally this year.
The European Central Bank will raise its interest rates on Thursday for the first time in over a decade, but the bank is already under pressure to do more amid record inflation.
Food growers across Europe are grappling with the ripple effects of coronavirus lockdowns that have snarled supply chains and upended demand, with many shoppers feeling the squeeze
Frankfurt - Consumer price levels in Germany were 5 per cent higher than the average in the European Union's 28 member states in 2017, statistics released Friday showed. The most expensive country within the bloc was Denmark, where the price level was 41.5 per cent above the EU average, according to data from the Federal […]