Prices have gone up across the eurozone.
The images are from Chesnot.
The cost of living in the Eurozone rose at the fastest rate ever in November, as a jump in energy prices and supply chain problems sent the cost of living soaring.
The Eurostat estimate shows that consumer prices in the 19-member currency bloc were up 4.9% in November. That's the highest figure since the eurozone was founded.
November's inflation print was higher than October's figure of 4.1% and came in above economists' expectations of 4.5%.
The pressure on the central bank is growing because inflation is far above the 2% target. Strong inflation will be temporary, and the European Central Bank has pledged to keep up its support for the economy.
The country's highest inflation reading in 22 years was recorded in November. French inflation hit a six year high.
On a day when markets were jittery about the new Omicron coronaviruses variant, the euro was last up 0.6% to $1.136.
Inflation across Europe is being pushed up by energy prices.
As economies have lifted coronaviruses restrictions, natural gas prices have skyrocketed. Competition with China has squeezed supplies.
Jack Allen-Reynolds, senior Europe economist at Capital Economics, said that the latest data suggests that price pressures remain intense, with producer price inflation strong and firms' selling price expectations extremely high.
While energy effects are almost certain to bring the headline rate down next year, high input costs look set to keep goods inflation strong for some time.
Business Insider has an original article.
