In July, inflation in the eurozone inflation reached an all-time high of 8.9 per cent. That’s four times higher than the same period last year when it was at 2.2 per cent. All over Europe, the effects of rising inflation are already being felt as food and petrol prices soar. The COVID-19 pandemic and the war in Ukraine are mostly blamed for the situation, as the resulting disruption of supply chains puts enormous pressure on everyday goods and services. Watch: Is the dominance of the US dollar as the world’s reserve currency being eroded?The growing tension of gas shortages is also adding fuel…