European Union ministers discuss surge in inflation, energy prices

Inflation in the eurozone will continue to increase in the coming months owing mainly to rising commodity and energy prices, but is expected to ease gradually in 2022, European Commission Vice President Valdis Dombrovskis said here on Tuesday.

He said the elements that are driving inflation “appear to be of a temporary nature” and its causes are global: the rising price of energy, particularly of natural gas, supply bottlenecks and the “release of pent-up demand as economies reopen”, Xinhua news agency reported.

“We will keep watching inflation developments closely, also for possible second-round effects, and we stand ready to adjust our policies if necessary,” he said,