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AP
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A customer wearing a face mask waits to buy vegetables at the Maravillas market in Madrid, Thursday, May 12, 2022. Russia's war in Ukraine has accelerated inflation across Europe, with prices for energy, materials and food surging at rates not seen for decades. Inflation is expected to hit nearly 7% this year in the 27-nation EU and is contributing to slowing growth forecasts. (AP Photo/Manu Fernandez)

AP
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A man works at MAP, a factory operating in design, manufacture and installation of steel structures for civil and industrial use, in Corsico, near Milan, Italy, Thursday, May 12, 2022. Russia's war in Ukraine has accelerated inflation across Europe, with prices for energy, materials and food surging at rates not seen for decades. Inflation is expected to hit nearly 7% this year in the 27-nation EU and is contributing to slowing growth forecasts. (AP Photo/Antonio Calanni)

AP
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Fish restaurant owner Paris Parasos, 34, poses in the main town of the Aegean Sea island of Rhodes, southeastern Greece, Tuesday, May 10, 2022. Russia's war in Ukraine has accelerated inflation across Europe, with prices for energy, materials and food surging at rates not seen for decades. Inflation is expected to hit nearly 7% this year in the 27-nation EU and is contributing to slowing growth forecasts. (AP Photo/Thanassis Stavrakis)

AP
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Tourists sit at a tavern in the main town of the Aegean Sea island of Rhodes, southeastern Greece, Tuesday, May 10, 2022. Russia's war in Ukraine has accelerated inflation across Europe, with prices for energy, materials and food surging at rates not seen for decades. Inflation is expected to hit nearly 7% this year in the 27-nation EU and is contributing to slowing growth forecasts. (AP Photo/Thanassis Stavrakis)

AP
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Butcher Bayram Koza speaks to The Associated Press in Ankara, Turkey, Thursday, May 12, 2022. Koza says he has seen a 20% drop in sales this year, as skyrocketing inflation has made meat too pricey for many of his customers. Russia's war in Ukraine has accelerated inflation across Europe, with prices for energy, materials and food surging at rates not seen for decades. Inflation is expected to hit nearly 7% this year in the 27-nation EU and is contributing to slowing growth forecasts. (AP Photo/Burhan Ozbilici)

AP
  • Updated

A woman uses an ATM machine in the main town of the Aegean Sea island of Rhodes, southeastern Greece, Tuesday, May 10, 2022. Russia's war in Ukraine has accelerated inflation across Europe, with prices for energy, materials and food surging at rates not seen for decades. Inflation is expected to hit nearly 7% this year in the 27-nation EU and is contributing to slowing growth forecasts. (AP Photo/Thanassis Stavrakis)

AP
  • Updated

A customer pays for fish at the Maravillas market in Madrid, Thursday, May 12, 2022. Russia's war in Ukraine has accelerated inflation across Europe, with prices for energy, materials and food surging at rates not seen for decades. Inflation is expected to hit nearly 7% this year in the 27-nation EU and is contributing to slowing growth forecasts. (AP Photo/Manu Fernandez)