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		</div><p>Inflation hit a new record in the euro zone as skyrocketing fuel prices boosted by the war in Ukraine add new burdens to household finances and weigh on a slowing economic recovery from the latest outbreaks of Covid-19.</p>
<p>Annual inflation hit 7.5 per cent for April, the highest since statistics started in 1997 and the sixth record in a row, topping the old record of 7.4 per cent from March.</p>
<p>Energy prices jumped a startling 38 per cent, a testimony to how the war and the accompanying global energy crunch are affecting the zone’s 343 million people.</p>
<p>Fears that the war may lead to an interruption of oil or gas supplies from Russia, the world’s largest oil exporter, have pushed prices for oil and natural gas higher.</p>
<p>That comes on top of rebounding global demand amid recovery from the pandemic downturn and a cautious approach to increasing production from oil cartel Opec and allied countries including Russia.</p>
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