The Plain Truth is inflation tripled in America as well, but the lying media has been covering up the Bidenomics mess!
Inflation in the European Union tripled in 2022 compared to the 2021 annual figures, clocking the highest growth rate ever.
The harmonised index of consumer prices (HICP) rose to 9.2% in 2022 for the EU, compared to 2021’s annual value of 2.9%. The index considers the price increase of 12 main headings, including housing, transport, food, health, and education.
The EU figures are the highest compared to other major economies, despite each of the US, UK, Japan, and China recording annual consumer price increases. While the UK and the US closely mirrored the EU’s rate, inflation in Japan was lower than the others, according to the latest data from Eurostat.
The EU’s increased numbers were heavily skewed by the consumer prices for housing, water, gas, and other fuels, which increased by 18% in a year.
Transport increased by 12.1%, while food and non-alcoholic beverages rose by 11.9%, following house expenses. Every other main heading included in the HICP increased in 2022, except for the drop of 0.1% in communication consumer prices.
Source: Eurostat
