Inflation in the eurozone’s largest economy hit its highest level in nearly 50 years in May 2022.
In this context, the European Central Bank (ECB) pleads for a gradual increase in rates and the States implement a series of measures against inflation.
Inflation is rising in most European countries, due to the war in Ukraine which is increasing energy prices and the cost of food, as well as tensions caused by the recovery of economic activity after the health crisis.
In May, France experienced a further rise in inflation, to 5.2% over one year, according to an initial estimate released Tuesday by INSEE.
In Poland, consumer prices rose again in May, to 13.9% year on year, after 12.3% in April, reaching the highest inflation rate since 1997, the National Office of statistics (GUS).
In Germany, the consumer price index reached a new record in May, at 7.9% over one year. The indicator gained 0.5 points compared to April, and thus rose to its highest level since the reunification of the country in 1990.
In Spain, inflation also started to rise again in May to reach 8.7% over one year, or 0.4 points more than in April, according to an estimate published Monday by the National Institute of statistics (INE).
In the United Kingdom, inflation had reached its highest level in 40 years in April, at 9% over one year. In the euro zone as a whole, inflation reached a record 7.5% over one year in April.
