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September 1st, 2022 
Awake Goy FRANKFURT—Eurozone inflation jumped to another record high and will soon hit double-digit territory, heralding a string of big interest rate hikes even as a painful recession appears increasingly certain.
Driven by expensive gas and a devastating drought, consumer prices jumped more than expected in August and further rises are already in the pipeline, suggesting more pain for households and businesses as they burn through their cash reserves.
This coincidence of high prices and low growth, often referred to as stagflation, leaves the European Central Bank with only painful choices that will increase the pain for the eurozone’s 340 million people….
Driven by expensive gas and a devastating drought, consumer prices jumped more than expected in August and further rises are already in the pipeline, suggesting more pain for households and businesses as they burn through their cash reserves.
This coincidence of high prices and low growth, often referred to as stagflation, leaves the European Central Bank with only painful choices that will increase the pain for the eurozone’s 340 million people….
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