Despite economies stagnating in many countries, the European Central Bank has announced that it is too soon to lower interest rates. Inflation rates have fallen after soaring a year ago. But the war in Gaza and tensions disrupting shipping in the Red Sea are expected to drive prices up again this year. Al Jazeera’s Step Vaessen reports from Brussels. Subscribe to our channel http://bit.ly/AJSubscribe Follow us on Twitter https://twitter.com/AJEnglish Find us on Facebook https://www.facebook.com/aljazeera Check our website: http://www.aljazeera.com/ Download AJE Mobile App: https://aje.io/AJEMobile #Europe #GlobalCostOfLivingCrisis #CostOfLivingCrisis #WorkersStrikes #UkraineWar #GazaWar #ShippingDisruptions #FoodPrices #Inflation