Eurozone inflation hits record high of 10.7%

Financial Times/Martin Arnold/10-31-2022

“Claus Vistesen, an economist at Pantheon Macroeconomics, said the latest inflation figures were ‘a proper Halloween nightmare for the ECB.’”

USAGOLD note: This article does not mention the 6.6% jobless rate in the Eurozone. The Misery Index there – inflation + unemployment – stands at 17.3%. By contrast, the Misery Index in the United States is 11.7% and 8.3% in China. (All according to Trading Economics data) Europe is the first of the major economies to exhibit clear signs of stagflation.