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Asharq Al-Awsat
Asharq Al-Awsat
Business
Asharq Al-Awsat

EXPLAINED: Inflation in 19 nations using euro sets record for 4th month | Vintage Vibes

FILE - People fill up the shopping streets in Cologne, Germany, Wednesday, Nov. 17, 2021.(AP Photo/Martin Meissner, File)

Surging energy costs have driven inflation in Europe to another record high, raising questions about when the central bank should step in to ease the pain to people's wallets while Russia's invasion of Ukraine rattles the global economy.

Consumer prices in the 19 countries that use the euro currency increased by an annual rate of 5.8% in February, the European Union statistics agency, Eurostat, reported Wednesday.

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