Headline inflation in the 19-member euro zone reached 7.5% in April.
Inflation in the euro zone has hit a record high for the sixth consecutive month, sparking further questions over how theHeadline inflation in the 19-member region reached 7.5% in April, according to preliminary estimates by Europe's statistics office. In March, the figure came in at 7.4%.
European Central Bank Vice President Luis de Guindos tried to reassure lawmakers over rising prices on Thursday, saying the euro zone is close to reaching peak inflation. The central bank sees price pressures diminishing in the second half of this year, although energy costs are expected to keep inflation relatively high.
The latest inflation reading comes amid concerns over the ongoing war in Ukraine war and subsequent impact on Europe's energy supply — and how this could affect the region's economy.Download NBC 5 Dallas-Fort Worth
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