Inflation Hits Record 8.9% In Countries Using The Euro

The transcript discusses the rise in inflation to 8.9% due to higher energy prices influenced by the war in Ukraine. Despite these challenges, the euro area economy grew by 0.7% from April to July. However, many economists predict that the eurozone may enter a recession next year.

What percentage did the inflation rate reach this month?

What is the predicted economic condition for the eurozone next year?