Inflation in the eurozone rose to a record high level two years after the countries began to remove coronavirus restrictions. Reports about it Bloomberg.
Consumer prices in May grew by two percent in annual terms, which exceeded economists’ forecasts. At the same time, delays in the supply of raw materials and components are constrained by the growth of production, as a result of which companies cannot satisfy growing demand.
While buying activity grew up the fastest pace for almost a quarter of a century, manufacturers reduced stocks of products to the lowest level from November 2009. The European Central Bank (ECB) believes that the rise in prices is likely to be temporary. However, a number of experts are confident that there is a risk of further rise in price of goods as the economy is restored.