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Added on the 23/08/2022 07:09:10 - Copyright : Euronews EN
Headline inflation is however believed to have eased slightly.
Little did we know how the Russian war in Ukraine would impact on the lives of people living in the world, but eleven months on, everyone is feeling the pinch in their pockets after food and energy prices increased. Euronews takes a look in Review of the Year
High prices are here to stay, with the European Union predicting inflation will remain high throughout 2023.
"Utility bills have become more expensive by eight-fold, sometimes ten-fold", said Szilveszter Okovacs, director of the Hungarian State Opera
Eurozone inflation reaches new record high of 10% in September.