Inflation hits 3% in Europe as Iran war spreads oil price shock
FRANKFURT, Germany (AP) — Soaring oil prices from the Iran war pushed inflation higher in Europe in April as growth continued to underperform in a worrying combination both for consumers and policymakers at the European Central Bank. Annual inflation in the 21 countries that use the shared euro currency rose to 3.0% from 2.6% in March, fueled by a 10.9% increase in energy prices, the European Union statistical agency Eurostat […]