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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
I’m Liza Grey, an experienced news writer and author at the Buna Times. I specialize in writing about economic issues, with a focus on uncovering stories that have a positive impact on society. With over seven years of experience in the news industry, I am highly knowledgeable about current events and the ways in which they affect our daily lives.