Inflation in Europe is reaching unthinkable levels because of the conflict in Ukraine. This was reported by Al-Eqtisadiya.
In Europe, inflation is reaching unthinkable levels because of the conflict in Ukraine. In France it is 5.1%, in Germany and the Eurozone 6.1%, in Italy 7.6% and in the UK 8.7%.
Europeans are not used to this. European countries have always been renowned for their low inflation rates, zero and negative. The conflict in Ukraine has changed this dramatically. Now the lowest inflation is in China at 0.2% and in the Russian Federation at 2.5%.
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