Eurozone Inflation Hits Record High

Wednesday, 31 August 2022 14:30

By Caoimhe Harney

Inflation has dropped slightly in Ireland.

Eurozone inflation has hit a new record high, but has fallen slightly in Ireland.

New figures from Eurostat suggest Euro area inflation hit a record 9.1 per cent this month, on an annual basis.

That's up from 8.9 per cent in July and is the zone's highest rate since records began.

Despite the overall rise, inflation in Ireland fell for the first time this year, from 9.6 per cent to 8.9 per cent.

Economics lecturer at University College Cork, Seamus Coffey, says the colder months could bring higher rates:

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