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EU hikes inflation forecast to 8.3% as Ukraine war drives soaring prices

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8/1/22, 9:52 AM EU hikes inflation forecast to 8.3% as Ukraine war drives soaring prices https://www.cnbc.com/2022/07/14/eu-hikes-inflation-forecast-to-7point6percent-as-russia-ukraine-war-fuels-price-increases.html 5/7 Squawk on the Street WATCH IN THE APP UP NEXT | TechCheck 11:00 am ET One of the coalition parties in Rome has threatened to boycott a vote on a new government package and Prime Minister Mario Draghi has threatened to resign if that's the case. This could tip the country into a new political crisis and potentially fresh elections. "We like very much having as an interlocutor a government led by Mario Draghi and I think this is in the interests of the European Union and of Italy," Gentiloni, a former prime minister of Italy, told CNBC. The commission said Thursday that Italy will grow 2.9% this year, but only 0.9% next year. In this article .STOXX -0.82 (-0.19%) TRENDING NOW Home prices cooled at a record pace in June, according to housing data firm 1 V I D E O 0 3 : 2 9 EU very much likes to have Draghi leading Italy, official says amid new political uncertainty M A R K E T S C N B C T V WAT C H L I S T M E N U WATCH LIVE

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