Europe Records the Highest Inflation since 2008 Crisis
OREANDA-NEWS. In September, inflation in Europe rose to 3.4% in annual terms. This figure is a record since 2008, when the world was going through the financial crisis. This was reported in a publication on the website of the statistical agency Eurostat.
According to him, in August inflation in Europe amounted to 3% in annual terms. The lowest rates were recorded in Malta - 0.7%, Portugal - 1.3%, Greece - 1.9%. Prices rose most actively in Estonia and Lithuania - by 6.3% and in Poland - by 5.6%.
In September, the rise in prices for energy resources - by 1.63%, as well as services, manufactured goods, foodstuffs, tobacco and alcohol - made the greatest contribution to the rise in inflation.
In Germany, the increase in prices was the highest in the last thirty years. Inflation in the country rose to 4.1%. The main reason for the growth was the energy crisis.
Already in early October, it was reported that inflation in Europe had broken a record in September, becoming the highest since the start of the 2008 global financial crisis.
Consumer price increases in 19 eurozone countries accelerated to 3.4 percent year on year in September, up from 3 percent in August. The inflation rate exceeded analysts' expectations of 3.3 percent. One of the reasons for the rise in inflation was the jump in energy prices. Disruptions in supply chains and production have also had an impact. In addition, prices for durable goods are up 2.3 percent since August.