The US annual inflation rate hit 8.3% in April after posting the largest 12-month rise in March since December 1981. China’s annual inflation rate rose to 2.1% in April, up from 1.5% in March. Meanwhile, Turkiye’s annual inflation rate hit 69.97% in April. European marketsThe eurozone’s annual inflation rate was at 7.5% in April, up from 7.4% in March and 1.6% in April 2021. Germany’s annual inflation was at 7.4% in April, an all-time high for the second month in a row.

Source: The Nation May 12, 2022 10:28 UTC