Eurozone Inflation Up 3%, at 10-Year Highs on Surging Energy Prices

a multiple exposure of some piles of euro coins and a flag of the European Union

Consumer prices in the Eurozone jumped by 3% in the year to August, the highest rate since late 2011, up from 2.2% in July.

Source: Eurostat.

FTSE 100 Index down -0.039%, EURUSD up +0.14%

Eurostat’s final data, which confirms its ‘flash’ estimate, shows that energy costs are continuing to increase pressure on the cost of living. On a monthly basis, prices rose by 0.4%.

Energy prices were the biggest increase, up 15.4% over the last year, while unprocessed food prices rose by 3% per year. Industrial goods inflation increased to 2.6%.

In August, the highest contribution to the annual inflation rate in the Euro area came from energy (+1.44%), non-energy industrial goods (+0.65%), and food, alcohol, & tobacco and services (both at +0.43%).

Across the Eurozone area, Estonia, Lithuania, and Poland all saw the highest inflation rates, at 5% per year. The lowest annual rates were registered in Malta (0.4%), Greece (1.2%), and Portugal (1.3%).


Britain’s Retail Sales Fell by 0.9% in August Amid Supply Chain Bottlenecks

Previous article

Simple Forex Strategy That Works Every Day

Next article

You may also like


Leave a reply

Your email address will not be published.

More in News