Following a spike in energy and food costs in 2022, all five of Europe’s main economies had their inflation rates rise; the UK saw the highest inflation rate, at 10.1%. Since the 1980s, when double-figure inflation rates were common in the UK, France, Italy, and Spain, inflation has decreased dramatically over the time period given. Here is the annual inflation rate for European countries

As russia decided to stop the nordsteam 1 pipe line , energy cost in Europe is sky rocketing.

Annual inflation rate

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