Eurozone Inflation Hits At 10%, A new High

Eurozone Inflation Hits At 10%, A new High

• Inflation in the 19-member eurozone reached 10% in September, the highest it has ever been in the history of the common European currency, according to the latest flash estimate from Eurostat, the EU statistics agency. This is up from the 9.1% seen in August. Just one year ago, inflation was 3.2%.

• Lithuania, Latvia and Netherlands follow closely with their rates of inflation sitting at 22.5%, 22.4% and 17.1%, respectively. According to Eurostat, German inflation is sitting at 10.9%. Berlin  presented a new €200 billion ($196 billion) relief plan in a bid to counter soaring energy prices.

• Inflation was being spurred on by rising energy prices which have soared since the Russian invasion of Ukraine.

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Published date : 01 Oct 2022 06:03PM