The highest level of inflation in October was in the Baltic countries – in each of them it was almost 22%.
In October, consumer prices in the euro area increased by 10.7% compared to the same month in 2021. This is a new historical maximum since the introduction of the euro in 1999, the European Statistical Office (Eurostat) reported on Monday, October 31 .
In EU countries, prices for energy resources (41.9%), food products, tobacco products and alcoholic beverages (13.1%) increased significantly last month.
The highest level of inflation in October was in the Baltic countries – in each of them it was almost 22%. Also, prices rose strongly in the Netherlands – almost 17%.
Moderately than other countries, consumer prices rose in Germany (11.6%), France (7.1%) and Spain (7.3%).
Despite record inflation, the eurozone economy grew slightly in the third quarter, with Eurogroup countries’ GDP rising 0.2% from July to September compared with the second quarter.
Recall that inflation in Ukraine approached 25% in annual terms. Consumer price growth has accelerated for three consecutive months.
Earlier, the Ministry of Economy assured that it is not worth waiting for hyperinflation in Ukraine, despite the ongoing war with Russia.
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Source: korrespondent
I am Dylan Hudson, a dedicated and experienced journalist in the news industry. I have been working for Buna Times, as an author since 2018. My expertise lies in covering sports sections of the website and providing readers with reliable information on current sporting events.