Food Inflation At 14 Months High But Arhar Dal Has Been Affordable, Know How Much Price Has Reduced

‘Inflation witch’ orgy with war, inflation at record level in 19 countries with Euro currency

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Russia Ukraine War : Various problems have arisen around the world due to the war in Russia-Ukraine. Now with this war the orgy of inflation witch has also started. Inflation is increasing rapidly around the world. Inflation in Europe rose to a record 5.8 percent in February. This is the fourth consecutive month that inflation remained at record levels.

The global economy is going through a bad phase after Russia’s attack on Ukraine. The European Union’s statistics agency Eurostat said on Wednesday that consumer prices in the 19 countries with the euro currency rose 5.8 percent year-on-year in February. Consumers are not only worried about this, but the pressure on Europe’s central bank is also increasing.

this high level of inflation
This is the highest level of inflation since 1997. Earlier, last month it had reached a high of 5.1 per cent. As in other major economies, inflation is rising in Europe due to rising energy prices, and the problem is compounded by Russia’s attack on Ukraine.

Also read- Gold Price Today: Strong jump in the rate of gold and silver, know how much the price has reached

Worldwide inflation rate
Just a few days ago, according to Fitch Ratings, their inflation rate in many countries around the world has reached the highest level in decades. US inflation reached a 39-year high in November. Eurozone inflation was running at its highest level. Now the war has made the situation even worse. Germany’s inflation rate is at a 29-year high.

At the same time, according to the data of the IMF, in the year 2021, according to the figures (with preliminary and estimated), the inflation rate in 20 countries around the world had reached above 10 percent. Earlier in 2020, the number of countries with double digit inflation rate was 18. Before the epidemic, that is, in the year 2019, inflation rate was more than 10 percent in only 13 countries.

Tags: business news in hindi, Europe, inflation, Russia ukraine war

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