• Euro zone inflation hits a record high of 10.7% as growth slows sharply. This represents the highest-ever monthly reading* since the euro zone’s formation. The 19-member bloc has faced higher prices, particularly on energy and food, for the past 12 months. The euro has been weaker against the greenback and that’s also something the ECB has been concerned about with concerns that this will push up inflation in the euro zone even further.

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