Inflation surge of 2021 In the summer of 2021, coinciding with the European Central Bank's announcement of its revised monetary policy framework and its initiative for climate action, the eurozone witnessed a notable inflationary surge. This resurgence of inflation continued to escalate over the following year, culminating in inflation rates reaching double digits for the first time since the 1970s, a year after the ECB's strategic updates. The inflation rate reached an unprecedented peak of 4.9% in November 2021, marking the highest level since the introduction of the euro.
Inflation surge of 2021 In the summer of 2021, coinciding with the European Central Bank's announcement of its revised monetary policy framework and its initiative for climate action, the eurozone witnessed a notable inflationary surge. This resurgence of inflation continued to escalate over the following year, culminating in inflation rates reaching double digits for the first time since the 1970s, a year after the ECB's strategic updates The inflation rate reached an unprecedented peak of 4.9% in November 2021, marking the highest level since the introduction of the euro.