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		</div><p>Inflation in the eurozone has soared to another record in a fresh sign that rising energy prices fuelled by Russia’s war in Ukraine are squeezing consumers and adding pressure on the central bank to raise interest rates.</p>
<p>Consumer prices in the 19 countries that use the euro rose by an annual rate of 7.5 per cent in March, according to the European Union statistics agency Eurostat.</p>
<p>The latest reading smashed the high set last month, when it hit a revised 5.9 per cent.</p>
<figure id="attachment_85336" aria-describedby="caption-attachment-85336" style="width: 600px" class="wp-caption alignnone"><img src="https://londonglossy.com/wp-content/uploads/2016/02/EuropeanCommissionHQ1flags_large.jpg" alt="European Commission HQ, Europe, Brussels," width="600" height="325" class="size-full wp-image-85336" /><figcaption id="caption-attachment-85336" class="wp-caption-text">The latest reading smashed the high set last month, when it hit a revised 5.9 per cent.</figcaption></figure>
<p>Inflation in the eurozone has been setting records for months and is at its highest level since records for the euro began in 1997.</p>
<p>The spiking price of energy has been a major factor contributing to record inflation. Eurostat said energy costs rose 44.7 per cent last month.</p>
<p>Food, alcohol and tobacco costs rose 5 per cent, prices for goods like clothing, appliances, cars, computers and books rose 3.4 per cent, and service prices rose 2.7 per cent.</p>
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