Western sanctions against Russia raise inflation in Europe?
B92 08.08.2024 | Politics
The increase in the price of natural gas due to the conflict in Ukraine and the introduction of Western sanctions against Russia led to an inflation increase in the Eurozone.
As per data announced by the European Central Bank, a 10 percent gas price increase led to a price increase of about 0.1 percent, contributing to a persistent inflationary effect for more than one year, reports Politika. The jumps in natural gas prices are increasingly affecting inflation in the eurozone. This impact is not as significant as the impact of oil price fluctuations, Reuters writes, referring to a study by the European Central Bank. Natural gas prices