Annual rate of inflation hits another record high

The annual rate of inflation in the Eurozone has risen to another record high this month.

Eurostat reports a point 2% rise across the 19 countries. bringing the rate to 9.1%.

Energy costs continue to be affected most, but food inflation has also seen a significant rise.

Ireland’s annual rate sits at 8.9%, down from 9.6% last month.

Economics lecturer at University College Cork, Seamus Coffey, says Ireland isn’t the worst affected:

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