Consumer prices in 19 countries that use the euro currency in December hit a record high of 5% compared to the same period last year
London-Compared with the same period last year, consumer prices in 19 countries that use the Euro currency hit a record high of 5% in December.
According to data released by Eurostat on Friday, rising energy prices have driven up energy prices.
Inflation is currently at the highest level in the euro zone since records began in 1997 and has broken the record set in November.
During the global pandemic, European Central Bank policymakers have kept interest rates at ultra-low levels to stimulate the economy, so price spikes have compounded the problem.