HomeEconomyEurozone inflation hit a...

Eurozone inflation hit a record 10.6% in October

For the entire European Union (EU), including countries that do not use a common currency, Eurostat measured inflation at 11.5% in October. | Font: AFP

adUnits.push({
code: ‘Rpp_economia_internacional_Nota_Interna1’,
mediaTypes: {
banner: {
sizes: (navigator.userAgent.match(/iPhone|android|iPod/i)) ? [[300, 250], [320, 460], [320, 480], [320, 50], [300, 100], [320, 100]] : [[300, 250], [320, 460], [320, 480], [320, 50], [300, 100], [320, 100], [635, 90]]
}
},
bids: [{
bidder: ‘appnexus’,
params: {
placementId: ‘14149971’
}
},{
bidder: ‘rubicon’,
params: {
accountId: ‘19264’,
siteId: ‘314342’,
zoneId: ‘1604128’
}
},{
bidder: ‘amx’,
params: {
tagId: ‘MTUybWVkaWEuY29t’
}
},{
bidder: ‘oftmedia’,
params: {
placementId: navigator.userAgent.match(/iPhone|android|iPod/i) ? ‘22617692’: ‘22617693’
}
}]
});

Speed inflation The euro zone gained seven tenths of its annual value in October to 10.6%, a record in the history of the single currency area, according to figures released this Thursday by the Community Statistics Office. Eurostat.

Although this is a record Eurostat today revised down preliminary data released on 31 October, which indicated that inflation reached 10.7% in nineteen euro countries during the tenth month of 2022.

Spain, for its part, was the second lowest inflation member state of the community club as it stood at 7.3%, only behind France at 7.1%. In addition, the percentage of Spaniards is below the average for the Twenty Seven and the Eurozone.

In recent months, the percentage in Spain has fallen from 10.7% in July to 10.5% in August, 9% in September and 7.3% in October.

In October last year in Eurozonespeed inflation reached 4.1%.

During the tenth month of 2022, energy commodities were the main contributor to inflation in the euro area (up 4.44 percentage points), followed by food, alcohol and tobacco (2.74 percentage points).

This is followed by services (1.82 points) and non-energy manufactured goods (1.62 points).

inflation core, which excludes the influence of the most volatile components such as energy and fresh food, rose by four tenths between September and October in the eurozone, to 6.4%.

Countries with lower inflation

so European Union refers, inflation in October it reached 11.5%, six tenths more than the 10.9% registered in September. In the tenth month of 2021, the figure was 4.4%.

After France and Spain, it ranks third in the world in terms of inflation. Europe was found in Malta (7.4%).

At the same time, the largest price increase occurred in Estonia (22.5%), Lithuania (22.1%) and Hungary (21.9%).

Inflation in Germany reached 11.6%, and in Italy – 12.6%.

Among the four largest EU economies (Germany, France, Italy and Spain), inflation fell only in Spain between September and October.

Compared to September, year-on-year inflation declined in 11 Member States, remained stable in 3 and increased in 13.

(EFE)


Source: RPP

- A word from our sponsors -

Most Popular

LEAVE A REPLY

Please enter your comment!
Please enter your name here

More from Author

- A word from our sponsors -

Read Now

Could obesity be related to shorter lifespans in the country? Expert responds

Experts call for the implementation of effective public policies and highlight the importance of healthy habits and medical treatments.Research presented at this year's International Congress on Obesity (ICO) indicates that, by 2044, 48% of Brazilian adults could be obese, and 27% could be overweight. Currently, these numbers...

5 rumors about BTS that were started by Jin

Jin has already created some funny rumors involving BTS' behavior in the name of his great desire to provoke them; remember them!Like most K-pop groups and artists, BTS has also been the victim of many false rumors created by fans or haters. Typically, these rumors go viral...

Aran, Saena and Sio, ex-FIFTY FIFTY, announce debut in new group

After the conflict with ATTRAKT, Aran, Saena and Sio, former members of FIFTY FIFTY, will debut again as a trio. Find out more!After leaving FIFTY FIFTY due to contractual differences with ATTRAKT, the idols Aran, Saena and Zion will debut again under the company label MASSIVE E&C,...

The Studio Ghibli animation that inspired a Billie Eilish song

Discover which animation created by Studio Ghibli was the inspiration for one of the songs in Billie Eilish's discographyAfter the release of "The Castle in the Sky" (1986), Studio Ghibli, an animation producer that has been created for almost four decades, has developed more than twenty feature...