Inflation in France and Spain is accelerating, is this the impact of the sanctions on Russia?
Inflation in France and Spain is accelerating, is this the impact of the sanctions on Russia? Rising inflation in France and Spain is fueling fears of further interest rate hikes by the ECB ©Getty Images / Andia / Contributor Inflation rebounded in France and Spain in February, raising the cost of borrowing for European governments as doubts grew over how quickly the European Central Bank would halt interest rate hikes. French consumer prices rose 7.2 percent in the year to February, driven to the highest rate since the euro was introduced in 1999 by faster increases in food and service prices. Economists polled by Reuters had expected French inflation to stagnate at January’s 7 percent level. Consumer prices growth in France and Spain resumed their upward trend in February, driven by higher food and energy costs, official statistics ...