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In 2022, EU annual inflation reached a record high of 9.2%, more than tripling from 2.9% in 2021. The highest price increases were seen in housing and related expenses (18.0%), followed by transport (12.1%) and food (11.9%). Compared to other major economies, the US had an inflation rate of 8.7%, Japan 2.5%, and China 2.0%.

Author

Stébyn Â

Language

EN