{"id":1076033,"date":"2021-12-02T10:14:11","date_gmt":"2021-12-02T15:14:11","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1076033"},"modified":"2021-12-02T10:14:13","modified_gmt":"2021-12-02T15:14:13","slug":"eurozone-inflation-is-now-at-highest-level-ever","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/eurozone-inflation-is-now-at-highest-level-ever\/","title":{"rendered":"Eurozone Inflation Is Now at Highest Level Ever"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">16<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Feurozone-inflation-is-now-at-highest-level-ever%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1076033&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><div><img decoding=\"async\" src=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2021\/12\/GettyImages-1322814386-e1638362334917-640x335-1.jpg\" class=\"ff-og-image-inserted\" \/><\/div>\n<p class=\"subheading\">Inflation within the Eurozone hit nearly 5 per cent in November, the highest level recorded since the Euro was introduced as a currency in 1999.<\/p>\n<p>The total level of inflation within the 17 states that use the Euro as currency reached 4.9 per cent in November, the highest yearly level of inflation since records began in 1997, and since the Euro was introduced in January 1999.<\/p>\n<figure id=\"D-ROS-B1\" class=\"a8d\"><\/figure>\n<figure id=\"M-ROS-B1\" class=\"a8d\"><\/figure>\n<figure id=\"gmxrevmore\" class=\"H\"><\/figure>\n<p>The findings were published on Tuesday by the&nbsp;Statistical Office of the European Union (Eurostat) in a <a href=\"https:\/\/ec.europa.eu\/eurostat\/documents\/2995521\/11563387\/2-30112021-AP-EN.pdf\/8072b1c7-4379-7fbe-af36-ec2300c42265?t=1638263548305\">report<\/a>&nbsp;which also found that energy costs within the Eurozone have increased by 27.4 per cent.<\/p>\n<p>Lithuania is reported to have seen the highest level of inflation within the bloc at around 9.3 per cent, followed by Estonia at an estimated 8.4 per cent.&nbsp;Malta, meanwhile, is estimated to have seen the lowest level of inflation within the Eurozone, sitting at around 2.3 per cent.<\/p>\n<p>Major players within the Eurozone such as France and Germany also saw massive increases, estimated at 3.4 and 6 per cent respectively. France\u2019s increased level of inflation is the highest suffered by the country in a decade, <a href=\"https:\/\/www.theguardian.com\/business\/2021\/nov\/30\/inflation-in-eurozone-soars-to-49-highest-on-record\">according<\/a> to&nbsp;<em>The Guardian<\/em>.<\/p>\n<figure id=\"M-ROS-B2\" class=\"a8d\"><\/figure>\n<p>Germany\u2019s level of inflation has hit a 29 year high <a href=\"https:\/\/www.dw.com\/en\/germany-inflation-hits-29-year-high-of-52\/a-59968291\">according<\/a> to a report by&nbsp;<em>Deutsche Welle<\/em>, which referenced more conservative numbers put out by German statistics agency <a href=\"https:\/\/www.destatis.de\/EN\/Press\/2021\/11\/PE21_541_611.html;jsessionid=90526B6C92BEA35EC9DD92836EB2D3FA.live731\">Destatis<\/a>, which reports German inflation as being around 5.2 per cent.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\" readability=\"6.7639751552795\">\n<p lang=\"en\" dir=\"ltr\">Build Back Better? UK Inflation Hits Ten Year High as Food and Fuel Coasts Soar <a href=\"https:\/\/t.co\/E029uMnuh3\">https:\/\/t.co\/E029uMnuh3<\/a><\/p>\n<p>\u2014 Breitbart London (@BreitbartLondon) <a href=\"https:\/\/twitter.com\/BreitbartLondon\/status\/1461302667288846336?ref_src=twsrc%5Etfw\">November 18, 2021<\/a><\/p>\n<\/blockquote>\n<p>The Investment Director at GAM Investments&nbsp;Charles Hepworth <a href=\"https:\/\/www.gam.com\/en\/our-thinking\/charles-hepworth-blog\/eurozone-inflation-heats-up\">wrote<\/a> that the level of inflation seen in Europe \u201ccontinues to point to the impossibly incongruent argument from central bankers that this cost-push inflation is transient.\u201d<\/p>\n<p>\u201cAs the new, more infectious coronavirus variant lays down roots across the globe and parts of Europe re-enact lockdowns, what does that mean for more persistent inflation shocks?\u201d Hepworth continued.<\/p>\n<p>\u201cIt may be wishful thinking on the part of ECB President Lagarde when she declares that price pressures won\u2019t run out of control \u2013 they already are.\u201d<\/p>\n<p>While the Eurozone outpaced inflation <a href=\"https:\/\/www.breitbart.com\/europe\/2021\/11\/18\/uk-inflation-hits-ten-year-high\/\">seen<\/a> in the United Kingdom, Bidenflation has left both in the dust, with the US seeing a 6.2% annual inflation rate in October, the biggest yearly jump since 1990.<\/p>\n<p>On Tuesday, American Federal Reserve Chairman&nbsp;Jerome Powell <a href=\"https:\/\/www.breitbart.com\/economy\/2021\/11\/30\/fed-chair-jerome-powell-pivots-to-inflation-fighting\/\">acknowledged<\/a> the impact inflation was having on US consumers, saying that it \u201cimposes significant burdens, especially on those less able to meet the higher costs of essentials like food, housing, and transportation\u201d.<\/p>\n<h5 class=\"western\"><em><span>Follow Breitbart London on Facebook:<\/span><\/em><em>&nbsp;<\/em><em><a href=\"https:\/\/www.facebook.com\/BreitbartLondon\/\"><span>Breitbart London<\/span><\/a><\/em><\/h5>\n","protected":false},"excerpt":{"rendered":"<p>Inflation within the Eurozone hit nearly 5 per cent in November, the highest level recorded since the Euro was introduced as a currency in 1999. The total level of inflation &#8230;<\/p>\n","protected":false},"author":297,"featured_media":2315279,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[],"class_list":["post-1076033","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1076033","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/297"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1076033"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1076033\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2315279"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1076033"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1076033"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1076033"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}