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Eurozone inflation sets record, hitting 10 percent in September

Eurozone inflation sets record, hitting 10 percent in September

Brussels, Oct 1 (Prensa Latina) Inflation in 19-country eurozone surged a record 10% in September from a year earlier, up from an annual 9.1% in August, EU statistics agency Eurostat reported.

Eurostat´s report meant that record the annual consumer price growth in the European region hit historical record, surpassing analysts’ 9.7% forecast.

In September 2021, eurozone´s inflation was as low as 3.4% annually, while in the same month of current year the purchase prices in the 19-country eurozone rose by 1.2% only, according to Eurostat.

Highest inflation rates were reported in Estonia (24.2%), Lithuania (22.5%) and Latvia (22.4%), while the lowest figures were in France (6.2%), Malta (7.3%) and Finland (8.4%).

Spain and Portugal reached 9.3% and 9.8% percent, respectively.

Inflation rates in the Netherlands climbed to 17.1% in September, compared to the same month in 2021, the Dutch Central Bureau of Statistics (CBS) reported Friday.

Once again, energy prices with a rise of over 40% are mainly responsible for the cost-of-living rise, followed by food, tobacco and alcohol which jumped to nearly 12%.

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