Eurozone inflation to show fresh record high level this week

European Central Bank is expected to chart its policy course at a March 10 meeting

European Central Bank president Christine Lagarde.

The eurozone’s inflation reading for February, which is due on Wednesday, is set to show yet another record number; with economists predicting the rate hit 5.4%.

Price pressures are set to continue with Russia’s invasion of Ukraine having sent oil prices above $100 a barrel for the first time since 2014, threatening an economy that’s also suffering from supply shortages and lingering pandemic curbs.