Will the rise in energy prices trigger a new wave of inflation in #Europe?

[yzijux@vebinet.com]

Will the rise in energy prices trigger a new wave of inflation in #Europe? Since the outbreak of the conflict in #Iran, oil prices have risen to nearly 120 ...
https://www.tagesschau.de/wirtschaft/konjunktur/inflation-oelpreis-iran-krieg-ezb-100.html

[yzijux@vebinet.com]

...dollars, and petrol prices have temporarily doubled. Economists warn: If the situation continues to develop, the inflation rate in the Eurozone will rise to “more than 3% or even 4%” in the next six to nine months. The federal government plans to introduce the Austrian model, under which fuel prices can only be increased once a day. However, the ADAC has opposed this, fearing “counterproductive” effects. Even Austria finds such a system of little help in managing the crisis. As its governm...