For eurozone countries, inflation rose to 7.5 percent in March, sparking outrage against the European Central Bank (ECB) as it seeks to fight rising prices without hurting growth.
Russia’s war in Ukraine is thought to have led to a sharp rise in fuel and food prices.
On Friday, Eurostat data showed that energy prices accelerated from 32 percent in February to 44.7 percent.
Among all member states, inflation was highest in Lithuania at 15.6 percent, and the Netherlands was not far behind with 11.9 percent.
Among the largest member states, inflation rose to 7.6 percent in Germany, 5.1 percent in France, 7.0 percent in Italy and 9.8 percent in Spain.
Brexitmakers have spoken of their comfort in leaving the bloc in the current inflation crisis.
Express.co.uk reader Johnd101 wrote: “The EU has to print money now that the UK has left the building. Extremely hilarious.”
JaguarV8 says: “It’s better to be out!” The EU ‘lies’ just waiting for a Eurofile that we (17.4 million British) ‘don’t know’ what we are voting for !!! We did and every day proves we are right !! ”
Another simply wrote: “I’m glad we left the block and I’m in England now.”
Read more: Inflation can be ‘hard to stop’ because rates are at 30-year highs
The UK government has not yet announced the country’s inflation for March, but it rose to 6.2 per cent from 5.5 per cent in February – the highest in 30 years.
The Bank of England has predicted that UK inflation could reach eight per cent this spring, slightly lower than some eurozone member states.
Despite high inflation expectations in the UK in the coming months, the central bank believes it will continue to see rapid growth in energy and imported goods prices in the long run.
The bank’s forecast said inflation would be close to the 2 per cent target in two or three years.
See the latest world news at the following link:
World News || Latest News || US News