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EU’s Fastest Inflation Soars on Food, Energy Costs
Milda Seputyte
12:56 PM IST, 28 Apr 2022
7:13 PM IST, 28 Apr 2022
(Bloomberg) --
Lithuanian inflation, the highest in the European Union, accelerated to the fastest in more than a quarter century as Russia’s war in Ukraine, supply chain woes and Europe’s energy crisis drove costs higher.
Consumer prices surged a preliminary 16.6% from a year earlier in April, according to the EU’s so-called harmonized measure, from 15.7% the previous month. Prices grew 1.9% from May, driven by higher costs of food, transport and energy, Lithuania’s statistics office said Thursday.
Lithuania’s Finance Ministry raised its inflation forecast last month to 9.8% for this year.
Milda Seputyte
12:56 PM IST, 28 Apr 2022
7:13 PM IST, 28 Apr 2022
(Bloomberg) --
Lithuanian inflation, the highest in the European Union, accelerated to the fastest in more than a quarter century as Russia’s war in Ukraine, supply chain woes and Europe’s energy crisis drove costs higher.
Consumer prices surged a preliminary 16.6% from a year earlier in April, according to the EU’s so-called harmonized measure, from 15.7% the previous month. Prices grew 1.9% from May, driven by higher costs of food, transport and energy, Lithuania’s statistics office said Thursday.
Lithuania’s Finance Ministry raised its inflation forecast last month to 9.8% for this year.
