Foreign Minister Lavrov: Inflation is growing in Europe and “new poor” appear European countries are facing a deterioration in living standards and rising inflation, an increase in the number of poor people, Lavrov said. He accused the German authorities of sending money to Ukraine instead of supporting their citizens
In European countries, inflation is rising, living standards are deteriorating, and economic growth is slowing down, and some Europeans are threatened with poverty & mdash; even the concept of “new poor” has appeared, Russian Foreign Minister Sergei Larov said in an interview with the Bosnian-Serb television and radio company Radio and Television of the Republika Srpska. (RTRS).
“In Europe, living standards are deteriorating, inflation is rising, and growth is slowing down. There was even the concept of “new poor”. People are suffering from upcoming problems, including rising prices. Poverty threatens many,— he said.
At the same time, the minister noted, the authorities are sending tens of billions of dollars and euros to purchase weapons for Ukraine.
“Germany announced that it was important for them not to support the Germans in difficult periods of rising prices, but to allocate $100 billion for militarization of their country,— added by Lavrov.
In March, after the start of Russia's military operation in Ukraine and the sanctions imposed by Europe against companies, banks, the Central Bank, imports and exports, inflation in the eurozone reached 7.5% on an annualized basis, Eurostat reported. This value has become the highest since the introduction of the euro. This happened despite the European Central Bank's inflation target of 2%.
At that time, the growth of consumer prices in the euro area beat records for the fifth month in a row. The largest price increase in March was recorded by Eurostat for energy products (44.7%, in February – 32%), food, alcohol and tobacco (5 vs. 4.2% in February), services (2.7 vs. 2.5% in February). The highest rate of inflation was in Lithuania— 15.6%, and the lowest in Malta— 4.6%.
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The biggest jump in prices occurred in Estonia, where consumer prices increased by 19% in a year. Among the leaders in this indicator are: Lithuania— 16.8%. Bulgaria— 14.4%, Czech Republic— 14.2%, Romania— 13.8%, Latvia— 13%, Poland— 12.4%, Slovakia— 11.7%. In Germany, inflation in annual terms reached 7.9% in May, the Federal Statistical Office reported. For the country, this figure was a record for 50 years.
On June 4, the head of the Bruegel think tank, Guntram Wolf, predicted that due to the ban on oil imports from Russia, which the European Union introduced as part of of the sixth package of sanctions, inflation in Europe will continue to rise, this will hit European consumers and businesses.
Meanwhile, in Russia, inflation due to military actions in Ukraine and subsequent sanctions rose to 17.7% in May , but by the middle of the month it slowed down to 17.5%, the Ministry of Economic Development pointed out.