The European Commission anticipates that the rate of inflation, which has reached record highs in the Union’s member states, would decline, Vice-President Valdes Dombrovscis stated to the Euro Capital Council.
Initial estimates from the European Statistics Agency “Eurostat” indicate that annual inflation in the eurozone surged in October to a record level of 10.7% from 9.9%.
When asked about inflation in the euro zone, which consists of 19 member states of the European Union, Dombrovscis responded, “As for inflation, we hope that it will decrease first because the energy prices have reached their peak, and we also took a number of measures aimed at ensuring that their prices are low.
From Novosti.
Inflation in the euro region is something the European Commission wants to reduce.
About Author
