Prices of oil and natural gas had already been rising before Russia’s invasion of Ukraine; the war sent them soaring higher still. These price rises have played a much bigger role in pushing up consumer-price inflation in Europe than in America, where stimulus has also been a culprit. Energy prices in the euro area which rose at a whopping annual rate of 39% in May are contributing about four percentage points to headline inflation, compared with two in America. Do you think that Europe should stop supporting Ukraine and discuss the end to war ?

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