Consumer prices continue to rise. Now they have reached a new high in the Eurozone.
Consumer prices have risen faster than ever since Eurostat began recording inflation in 1997 .
One reason is the high energy prices.
In November the Energy prices rose by around 27 percent.
Inflation in the euro zone has hit a new record due to high energy prices. Consumer prices rose in November by an average of 4.9 percent compared to the previous year, as the EU statistics agency Eurostat announced on Tuesday based on an initial estimate. As a result, consumer prices rose faster than ever since Eurostat began recording inflation in 1997.
In October the price increase of 4.1 percent was the highest it had been since July 2008. In November, energy prices rose by around 27 percent. As a result, energy prices rose faster than ever before this year. In September, the inflation rate in the euro area was still 3.4 percent.
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