UK food prices have spiked at the highest rate in fourteen years, London-based consulting company Kantar said in a study published on Tuesday. “Grocery price inflation hit 11.6% over the past four weeks, the highest level since we first started tracking the data this way in 2008. As predicted, we’ve now hit a new peak…

Natural gas usage was down nearly 15% from January to June on an annual basis, data shows Natural gas usage in Germany plunged in the first half of this year, Reuters reported on Tuesday, citing the power industry association BDEW.

Russian state energy giant Gazprom on Tuesday warned that gas prices in Europe could surge by 60% this winter. “European spot gas prices have reached $2,500. According to conservative estimates, if such a tendency persists, prices will exceed $4,000 per thousand cubic meters this winter,” the company posted to its official Telegram channel.