EU hikes inflation forecast to 8.3% for 2022 as Russia-Ukraine war drives soaring prices - CNBC

Historically high inflation is piling pressure on both national governments and the European Central Bank, which is due to meet next week.

Inflation will hit 7.6% in the euro zone and 8.3% in Europe this year, according to revised forecasts, as Russia's invasion of Ukraine puts a dampener on the region's economies. Thursday's forecasts… [+2964 chars]

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