Inflation hits new record in Europe, slowing economy
FILE - A light installation is projected onto the building of the European Central Bank during a rehearsal in Frankfurt, Germany, Dec. 30, 2021. Inflation hit a new record in the 19 countries that use the euro currency, fueled by out-of-control prices for natural gas and electricity due to the war in Ukraine, the European Union statistics agency Eurostat reported Monday, Oct. 31, 2022. (AP Photo/Michael Probst, File)
FRANKFURT, Germany (AP) — Inflation hit a new record in the 19 countries that use the euro currency, fueled by out-of-control prices for natural gas and electricity due to Russia's war in Ukraine. Economic growth also slowed ahead of what economists fear is a looming recession, largely as a result of those higher prices sapping Europeans' ability to spend....
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