Eurozone inflation hit record numbers for July at 8.9%. This is the highest rate in the last 25 years. CPI numbers have continued to rise from 7.4% in April, 8.1% in May, and 8.6% in June. Some analysts already predicted an 8.9% increase.

In this estimate, energy prices had the highest annual inflation rate, at 39.7%, down from 42.0% in June. The Ukraine-Russia stand-off has had detrimental effects on global energy requirements. #mimeXmime #Web3GrandPappa

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