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Average inflation in the euro area for the first time came close to the level of 9 percent

Average inflation in the euro area for the first time came close to the level of 9 percentNew data on inflation indicators in the European Union published, specifically - in the Eurozone. Recall, Not all EU countries are members of the Eurozone, a number of countries have now decided to keep their own currency, true, today it does not save them.

Based on data from the European Central Bank, Eurozone inflation continues to rise. If last month it averaged 8,6% in annual terms, now come close to 9%.

The main contribution to inflationary growth was made by food products and energy carriers. In a number of EU countries, since the beginning of the year, energy prices have risen on average by more than 75%, And this is for ordinary consumers.. There are also countries, where growth has occurred at times.

Eurozone food prices monthly, from March, add about 1,7-1,9%, which in annual terms could lead to an increase in prices up to 20-25%.

The Dutch government has reported, that inflation in the country has reached 10%. The situation is no better in other Western European countries.. for example, inflation rates in Austria exceeded 9%. Greek inflation is approaching 11%.

The governments of these countries, that there has been nothing like this in their economies since that very moment, how did they switch to the euro. for example, inflation in the Netherlands 10% last recorded in the mid-1970s, when there was no single currency in Europe yet. Then it led to a record increase in the percentage of the poor - for the year by 18%. What indicators of growth in the number of poor in the EU will be by the end of this year, no one dares to say. The European Bank makes it clear, that this percentage can also be double-digit. And the main reason has to do with, that Europeans have lost the opportunity to receive so-called "long and cheap" loans from banks, when you can borrow a fairly large amount from a bank at a symbolic interest for several years.

European experts themselves admit, that tens of millions of EU citizens in recent years have become addicted to, to live on loans of this nature, when you can take another loan at any time, including for, to make payments on the previous. With inflation in 9-10% the rate on loans in the eurozone in most banks is, that from her ordinary citizens round their eyes.

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