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Added on the 23/08/2022 07:09:10 - Copyright : Euronews EN
One year ago, European politicians were in a state of panic watching wholesale gas prices break all-time records.
The European Commission said on Wednesday that if energy prices were to flare up again, any support measures rolled out should be "targeted at protecting vulnerable households and firms."
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.
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