11-May-2025
Economy News
 
Europe sees inflation drop to 6.1%, but real relief for consumers will take months
02-Jun-2023

Europe's inflation took a positive turn with a significant drop to 6.1%, but prices are still posing a pinch to shoppers who are yet to see real relief in what they pay for food and other necessities. The annual figure in May eased from 7% in April for the 20 countries that use the euro currency, the European Union's statistical agency Eurostat said Thursday. It was a welcome sign that the explosion in price increases — which peaked in record double digits last October — is heading in the right direction.

News Source:- https://timesofindia.indiatimes.com/business/international-business/europe-sees-inflation-drop-to-6-1-but-real-relief-for-consumers-will-take-months/articleshow/100675587.cms