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Eurozone annual inflation hits record highs


Euro banknotes and coins. File photoMOSCOW, Aug 18 Annual inflation in 19 eurozone countries, according to the final estimate, accelerated to a record 8.9% in July from 8.6% in June, according to Eurostat data. The indicator coincided with Annual inflation in Austria in July reached its highest level in 47 yearsThus, inflation in the eurozone again updated its historical maximum. A year earlier, inflation in the eurozone was only 2.2% per annum. Only in July of this year, consumer prices in the eurozone, according to the final estimate, increased by 0.1%, as analysts had predicted. At the same time, core annual inflation accelerated to 4 % from 3.7% a month earlier.Analyst compares European sanctions against Russia to shooting himself in the foot

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