"Energy prices are expected to stay higher for longer and global manufacturing bottlenecks are likely to persist," Lagarde said. While inflation continues to roar in the U.S., the inflation rate in the eurozone tapped another high last month reaching 7.5% in March. Energy and food prices have soared throughout the 19 member state economies, and European Central Bank president Christine Lagarde expects energy prices to “stay higher for longer.” 
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