The elevated costs of flour, nuts, eggs and even electricity are forcing bakers to increase their prices and cut their production.
Tag: Eurozone
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Eurozone Inflation Sets Another Record, Hitting 10 Percent in September
Jumps in energy and food prices again pushed inflation in the 19 countries that use the euro to the highest annual rate recorded since the currency was created.
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Strong Dollar Is Good for the US but Bad for the World
The Federal Reserve may have no choice but to wage a relentless inflation fight, but countries rich and poor are feeling the pain of plunging currencies.
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E.C.B. Raises Interest Rates to Tame Inflation
The rise of three-quarters of a point matched the central bank’s largest-ever increase, with a “substantial slowdown” expected in the eurozone economy ahead of a winter energy crisis.