Eurozone inflation reaches record 8.1% in May | DW News

Inflation in the 19 countries of the eurozone soared to 8.1% in May from 7.4% in April. Prices have risen sharply in the past year, initially because of supply chain problems after the COVID pandemic but subsequently because of Russia's invasion of Ukraine.

Germany's inflation rate reached 7.9% in May, according to data published on Monday by the German statistical agency Destatis.

Inflation in the eurozone — home to some 343 million people — is now at its highest since records for the currency began in 1997.

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[jameswood]

<<ADVICE >> Inflation is killing my budget and my salary. I can't invest and it seems like I will need to sell all of my risk assets to keep my head above the water this year.<<>>

[deltasquared]

Oil costs the same as it did last year to extract it from the wells--so any guess who pockets the difference between this cost and the selling price???

[Ephys]

EU and US : we have more than 8.5 %
Asia : do we have inflation?

[alexwhite]

That what u get when u side with Ukraine

[asiimwesimon]

It feels like Europe sanctioned itself 😂😂😂

[markm.]

in Estonia since last year the inflation is already 19% - the highest rate in Europe and its not even winter yet.

[janellinell]

It’s 40% in the United States but the media lies saying it’s only 8%

[paulbaker]

Corporate greed knows no national boundaries.

[TMM-N]

fun fact:
1. Global oil supply increased by 2% since march until April 2022, there is no shortage of fuel
2. prices of oil increased at slower rate in India compared to Eurozone and north america.
3. the sanctions against russia's oil and gas, reduced the supply to Eurozone but not reduces the global oil and gas supply and diverted to Asia's emerging economies

gdluck EURO

[rosshilton]

The Eurozone is about to discover the fatal flaw in the unified currency….

[Sam-nbev]

" We cannot expect a respite in the next few months ". That is because the Russia- Ukraine war is not going to end in a few months. The worst sufferers will be the developing countries especially in Africa

[eveleung]

That is NOTHING! Lets poke the Dragon into angry mode, that can make Eurozone inflation not just great but super, ultra, infinite great!

[lucid]

Why i am not so surprise ? We know that. Always going up. Never going down. !

[jenskruse]

No it is the extreme amount of money that has been pumped into world and especially to people who own the world.

[FrankHeil-hukg]

Maybe if Hungary leaves the European Union then things would get better. Maybe start using the Ruble.

[MariaMMCardoso]

stop playing sanctions could help...crude went to 120/barrel yesterday with the european partial oil sanction...

[victorvictor]

my grandfather took Berlin, and his great-grandfather Paris. "surrender, the Russians are coming" - the phrase is relevant at all times

Why don't you (and no other media) mention the exuberant quantitative easing (=printing money), among the causes of the inflation???
While THAT IS THE MAIN CAUSE.
And, it is still ONGOING! (May '22)
DW, I love your documents and some reports, but here I see the political bias...
Apart from that "little missout", still liked this rather honest report, admitting that end of inflation growth in EU is nowhere in sight...

[Matt-YT]

1. Stop printing money. The Germans should remember the Weimarer Republik!
2. Invest in nuclear to mitigate climate change, ensure energy security and reduce electricity prices

[somethingunscripted]

Price fixing? When will politicians take 2nd grade economics?