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Inflation in 19 nations using euro soars to record 7.5%

FILE - Steam leaves a cooling tower of the Lichterfelde gas-fired power plant in Berlin, Germany, on March 30, 2022. Inflation in Europe soared to another record, a fresh sign that rising energy prices fueled by Russia’s war in Ukraine are squeezing consumers and adding pressure on the central bank to raise interest rates. Consumer prices in the 19 countries that use the euro currency rose by an annual rate of 7.5% in March, according to the European Union statistics agency, Eurostat.The latest reading smashed the high set just last month, when it hit a revised 5.9%. (AP Photo/Michael Sohn) FILE - Euro banknotes lie on a table in Munich, Germany, on March 30, 2022. Inflation in Europe soared to another record, a fresh sign that rising energy prices fueled by Russia’s war in Ukraine are squeezing consumers and adding pressure on the central bank to raise interest rates. Consumer prices in the 19 countries that use the euro currency rose by an annual rate of 7.5% in March, according to the European Union statistics agency, Eurostat.The latest reading smashed the high set just last month, when it hit a revised 5.9%. (AP Photo/Matthias Schrader) FILE - Trucks gather to protest against the high price of fuel outskirts of Madrid, Spain, on March 24, 2022. Inflation in Europe soared to another record, a fresh sign that rising energy prices fueled by Russia’s war in Ukraine are squeezing consumers and adding pressure on the central bank to raise interest rates. Consumer prices in the 19 countries that use the euro currency rose by an annual rate of 7.5% in March, according to the European Union statistics agency, Eurostat.The latest reading smashed the high set just last month, when it hit a revised 5.9%. (AP Photo/Manu Fernandez) FILE - Personal trainer Antonia Kalantzi, 38, shops at a grocery store in Athens, Greece, on Feb. 16, 2022. Inflation in Europe soared to another record, a fresh sign that rising energy prices fueled by Russia’s war in Ukraine are squeezing consumers and adding pressure on the central bank to raise interest rates. Consumer prices in the 19 countries that use the euro currency rose by an annual rate of 7.5% in March, according to the European Union statistics agency, Eurostat.The latest reading smashed the high set just last month, when it hit a revised 5.9%. (AP Photo/Petros Giannakouris)