From month to month, inflation continues to exceed forecasts and dent Europeans’ budgets. Rising prices in the euro zone “reached a new record, at 8.1% in May, against 7.4% in April, further aggravating the cost of living crisis on the continent”, notice Politico.
Once again, inflation has exceeded forecasts (7.7%), giving food for thought to all those who “call on the European Central Bank (ECB) to act more aggressively to contain prices”. According to preliminary Eurostat data for the month of May, “Inflation is now four times higher than the 2% target set by the ECB” for 2022, explains the European version of the online media.
This acceleration is mainly due “to food and energy, after the invasion of Ukraine caused the price of raw materials to soar”Explain Bloomberg. Excluding these most volatile prices, inflation in May stands at 3.8%.
Energy prices have