Food costs, including alcohol and tobacco, rose 5%, compared with 4.2% in the prior month. “Who isn’t affected?” Agib replied, when asked whether he’s feeling the impact of rising prices. The latest figures make it more urgent for the European Central Bank to get off the sidelines and take action, analysts said. European countries that don’t use the euro, including Britain, Norway and the Czech Republic have done the same. Italian Premier Mario Draghi, a former European Central Bank president, outlined how the problem hits households.

Source: New York Times April 01, 2022 16:52 UTC