Britain's inflation rose to 6.2% last month, its highest level in 30 years.
According to Arabiya Net, the median forecast in a Reuters poll of economists was for a reading of 5.9%.
European Central Bank President Christine Lagarde assured Monday that the eurozone economy is not showing signs of contraction in the foreseeable future, despite the effects of the Russian invasion of Ukraine.
And she explained that this assessment applies to the years 2022, 2023 and 2024, in response to a question regarding fears that the European economy will enter a recession accompanied by high inflation.
The Russian invasion of Ukraine, which began on February 24, raised fears of a slowdown in the global economy, as it caused a steady and rapid increase in the prices of raw materials, especially energy resources. Concerned about the disruption of supply chains, at a time when the world was gradually emerging from the impact of two years of the Covid-19 pandemic.
