Inflation Hits Record 8.6% For 19 Countries Using The Euro

Inflation in the countries that use the currency has been setting monthly records since last year, making life more expensive for 343 million people.

Inflation in countries using the euro set another eye-watering record, pushed higher by a huge increase in energy costs fueled partly by Russia’s war in Ukraine.

Annual inflation in the eurozone's 19 countries hit 8.6% in June, surging past the 8.1% recorded in May, according to the latest numbers published Friday by the European Union statistics agency, Eurostat. Inflation is at its highest level since recordkeeping for the euro began in 1997.

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